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$115,184$115,184$359,100
Remaining term (yrs)16.516.530.0
Secondary amount$0$243,916$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.682%7.640%
1st payment$764.98$764.98$2,486.34
2nd payment$0.00$1,575.29$0.00
Taxes / mo$120.00$120.00$120.00
Insurance / mo$150.00$150.00$150.00
MI / mo$119.63$119.63$71.82
HOA / mo$110.00$110.00$110.00
Total monthly$1,264.61$2,839.90$2,938.16
Cash to close$283,816$39,900$39,900