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$166,398$166,398$400,410
Remaining term (yrs)22.922.930.0
Secondary amount$0$234,012$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%6.088%7.640%
1st payment$826.84$826.84$2,772.36
2nd payment$0.00$1,511.33$0.00
Taxes / mo$110.42$110.42$110.42
Insurance / mo$150.00$150.00$150.00
MI / mo$134.65$134.65$80.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,221.91$2,733.24$3,112.86
Cash to close$278,502$44,490$44,490