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$152,066$152,066$580,500
Remaining term (yrs)14.614.630.0
Secondary amount$0$428,434$0
Funding fee$0$0$0
Note rate4.780%4.780%7.400%
Blended rate5.630%7.195%7.640%
1st payment$1,198.94$1,198.94$4,019.26
2nd payment$0.00$2,766.97$0.00
Taxes / mo$233.42$233.42$233.42
Insurance / mo$166.67$166.67$166.67
MI / mo$162.24$162.24$116.10
HOA / mo$178.00$178.00$178.00
Total monthly$1,939.26$4,706.23$4,713.45
Cash to close$492,934$64,500$64,500