Sophia Sommer

(602) 512-9825
The Sommer Group
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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$83,420$83,420$372,600
Remaining term (yrs)16.316.330.0
Secondary amount$0$289,180$0
Funding fee$0$0$0
Note rate3.350%3.350%7.400%
Blended rate4.200%6.955%7.640%
1st payment$551.09$551.09$2,579.81
2nd payment$0.00$1,867.62$0.00
Taxes / mo$94.83$94.83$94.83
Insurance / mo$150.00$150.00$150.00
MI / mo$88.57$88.57$74.52
HOA / mo$21.67$21.67$21.67
Total monthly$906.16$2,773.78$2,920.83
Cash to close$330,580$41,400$41,400