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$126,939$126,939$314,100
Remaining term (yrs)18.818.830.0
Secondary amount$0$187,161$0
Funding fee$0$0$0
Note rate3.980%3.980%7.400%
Blended rate4.830%6.719%7.640%
1st payment$796.76$796.76$2,174.76
2nd payment$0.00$1,247.74$0.00
Taxes / mo$185.58$185.58$185.58
Insurance / mo$150.00$150.00$150.00
MI / mo$118.50$118.50$62.82
HOA / mo$52.00$52.00$52.00
Total monthly$1,302.84$2,550.59$2,625.17
Cash to close$222,061$34,900$34,900