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$132,420$132,420$368,991
Remaining term (yrs)19.519.530.0
Secondary amount$0$236,571$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.598%7.640%
1st payment$789.93$789.93$2,554.82
2nd payment$0.00$1,527.86$0.00
Taxes / mo$75.67$75.67$75.67
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,137.31$2,665.17$2,854.28
Cash to close$277,570$40,999$40,999