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$157,130$157,130$305,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$148,780$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.858%7.640%
1st payment$839.60$839.60$2,118.06
2nd payment$0.00$991.87$0.00
Taxes / mo$167.67$167.67$167.67
Insurance / mo$150.00$150.00$150.00
MI / mo$129.02$129.02$61.18
HOA / mo$70.00$70.00$70.00
Total monthly$1,356.29$2,348.16$2,566.91
Cash to close$182,770$33,990$33,990