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$176,184$176,184$314,910
Remaining term (yrs)22.422.430.0
Secondary amount$0$138,726$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.495%7.640%
1st payment$1,034.92$1,034.92$2,180.37
2nd payment$0.00$924.84$0.00
Taxes / mo$132.67$132.67$132.67
Insurance / mo$150.00$150.00$150.00
MI / mo$145.36$145.36$62.98
HOA / mo$37.00$37.00$37.00
Total monthly$1,499.94$2,424.79$2,563.02
Cash to close$173,716$34,990$34,990