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$136,766$136,766$809,730
Remaining term (yrs)25.125.130.0
Secondary amount$0$672,964$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%7.103%7.640%
1st payment$649.25$649.25$5,606.41
2nd payment$0.00$4,346.22$0.00
Taxes / mo$366.33$366.33$366.33
Insurance / mo$216.67$216.67$216.67
MI / mo$108.11$108.11$161.95
HOA / mo$131.00$131.00$131.00
Total monthly$1,471.36$5,817.58$6,482.35
Cash to close$762,934$89,970$89,970