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$163,511$163,511$216,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$52,489$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.094%7.640%
1st payment$778.04$778.04$1,495.54
2nd payment$0.00$393.67$0.00
Taxes / mo$81.33$81.33$81.33
Insurance / mo$150.00$150.00$150.00
MI / mo$130.88$130.88$43.20
HOA / mo$330.00$330.00$330.00
Total monthly$1,470.25$1,863.92$2,100.07
Cash to close$76,489$24,000$24,000