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$157,414$157,414$332,820
Remaining term (yrs)23.023.030.0
Secondary amount$0$175,406$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.321%7.640%
1st payment$837.54$837.54$2,304.38
2nd payment$0.00$1,169.37$0.00
Taxes / mo$95.67$95.67$95.67
Insurance / mo$150.00$150.00$150.00
MI / mo$130.49$130.49$66.56
HOA / mo$0.00$0.00$0.00
Total monthly$1,213.69$2,383.07$2,616.61
Cash to close$212,386$36,980$36,980