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$175,691$175,691$495,000
Remaining term (yrs)16.316.330.0
Secondary amount$0$319,309$0
Funding fee$0$0$0
Note rate3.350%3.350%7.400%
Blended rate4.200%6.490%7.640%
1st payment$1,160.65$1,160.65$3,427.28
2nd payment$0.00$2,062.21$0.00
Taxes / mo$226.50$226.50$226.50
Insurance / mo$166.67$166.67$166.67
MI / mo$186.54$186.54$99.00
HOA / mo$124.00$124.00$124.00
Total monthly$1,864.36$3,926.56$4,043.45
Cash to close$374,309$55,000$55,000