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$162,928$162,928$323,991
Remaining term (yrs)22.022.030.0
Secondary amount$0$161,063$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%5.918%7.640%
1st payment$840.15$840.15$2,243.25
2nd payment$0.00$1,073.75$0.00
Taxes / mo$111.92$111.92$111.92
Insurance / mo$150.00$150.00$150.00
MI / mo$131.89$131.89$64.80
HOA / mo$75.00$75.00$75.00
Total monthly$1,308.95$2,382.70$2,644.96
Cash to close$197,062$35,999$35,999