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$180,511$180,511$284,400
Remaining term (yrs)23.723.730.0
Secondary amount$0$103,889$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.512%7.640%
1st payment$905.77$905.77$1,969.13
2nd payment$0.00$692.59$0.00
Taxes / mo$166.58$166.58$166.58
Insurance / mo$150.00$150.00$150.00
MI / mo$147.79$147.79$56.88
HOA / mo$170.00$170.00$170.00
Total monthly$1,540.15$2,232.74$2,512.59
Cash to close$135,489$31,600$31,600