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$160,591$160,591$247,410
Remaining term (yrs)23.523.530.0
Secondary amount$0$86,819$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.949%7.640%
1st payment$828.15$828.15$1,713.02
2nd payment$0.00$651.15$0.00
Taxes / mo$71.75$71.75$71.75
Insurance / mo$150.00$150.00$150.00
MI / mo$131.45$131.45$49.48
HOA / mo$185.00$185.00$185.00
Total monthly$1,366.35$2,017.49$2,169.25
Cash to close$114,309$27,490$27,490