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$121,085$121,085$256,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$135,415$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.371%7.640%
1st payment$646.28$646.28$1,775.95
2nd payment$0.00$902.77$0.00
Taxes / mo$35.67$35.67$35.67
Insurance / mo$150.00$150.00$150.00
MI / mo$99.46$99.46$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$931.40$1,834.17$2,012.92
Cash to close$163,915$28,500$28,500