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$105,732$105,732$422,100
Remaining term (yrs)14.414.430.0
Secondary amount$0$316,368$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%6.685%7.640%
1st payment$732.52$732.52$2,922.54
2nd payment$0.00$2,043.21$0.00
Taxes / mo$108.58$108.58$108.58
Insurance / mo$166.67$166.67$166.67
MI / mo$96.58$96.58$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,104.35$3,147.56$3,282.21
Cash to close$363,268$46,900$46,900