Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$146,576$146,576$309,150
Remaining term (yrs)24.824.830.0
Secondary amount$0$162,574$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%6.023%7.640%
1st payment$695.12$695.12$2,140.49
2nd payment$0.00$1,083.82$0.00
Taxes / mo$103.33$103.33$103.33
Insurance / mo$150.00$150.00$150.00
MI / mo$117.09$117.09$61.83
HOA / mo$45.00$45.00$45.00
Total monthly$1,110.54$2,194.36$2,500.66
Cash to close$196,924$34,350$34,350