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$176,717$176,717$436,410
Remaining term (yrs)20.420.430.0
Secondary amount$0$259,693$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%6.398%7.640%
1st payment$1,013.12$1,013.12$3,021.61
2nd payment$0.00$1,677.18$0.00
Taxes / mo$115.50$115.50$115.50
Insurance / mo$166.67$166.67$166.67
MI / mo$142.43$142.43$87.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,437.71$3,114.89$3,391.06
Cash to close$308,183$48,490$48,490