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$91,859$91,859$242,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$150,241$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%6.410%7.640%
1st payment$444.87$444.87$1,676.25
2nd payment$0.00$1,001.61$0.00
Taxes / mo$47.83$47.83$47.83
Insurance / mo$150.00$150.00$150.00
MI / mo$75.13$75.13$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$717.83$1,719.43$1,922.50
Cash to close$177,141$26,900$26,900