Sophia Sommer

(602) 512-9825
The Sommer Group
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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$86,960$86,960$268,200
Remaining term (yrs)22.822.830.0
Secondary amount$0$181,240$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.914%7.640%
1st payment$474.11$474.11$1,856.96
2nd payment$0.00$1,208.27$0.00
Taxes / mo$43.42$43.42$43.42
Insurance / mo$150.00$150.00$150.00
MI / mo$72.07$72.07$53.64
HOA / mo$0.00$0.00$0.00
Total monthly$739.60$1,947.87$2,104.02
Cash to close$211,040$29,800$29,800