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$185,113$185,113$220,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$35,387$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%5.424%7.640%
1st payment$952.88$952.88$1,526.70
2nd payment$0.00$265.40$0.00
Taxes / mo$26.17$26.17$26.17
Insurance / mo$150.00$150.00$150.00
MI / mo$143.27$143.27$44.10
HOA / mo$70.00$70.00$70.00
Total monthly$1,342.32$1,607.72$1,816.96
Cash to close$59,887$24,500$24,500