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$172,464$172,464$247,410
Remaining term (yrs)23.823.830.0
Secondary amount$0$74,946$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.501%7.640%
1st payment$854.39$854.39$1,713.02
2nd payment$0.00$562.10$0.00
Taxes / mo$92.92$92.92$92.92
Insurance / mo$150.00$150.00$150.00
MI / mo$141.19$141.19$49.48
HOA / mo$63.00$63.00$63.00
Total monthly$1,301.50$1,863.59$2,068.42
Cash to close$102,436$27,490$27,490