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$109,738$109,738$382,500
Remaining term (yrs)19.519.530.0
Secondary amount$0$272,762$0
Funding fee$0$0$0
Note rate3.680%3.680%7.400%
Blended rate4.530%6.826%7.640%
1st payment$654.06$654.06$2,648.35
2nd payment$0.00$1,761.59$0.00
Taxes / mo$90.08$90.08$90.08
Insurance / mo$150.00$150.00$150.00
MI / mo$100.90$100.90$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$995.05$2,756.63$2,964.94
Cash to close$315,262$42,500$42,500