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$166,378$166,378$315,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$148,622$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%6.389%7.640%
1st payment$995.86$995.86$2,181.00
2nd payment$0.00$990.81$0.00
Taxes / mo$236.75$236.75$236.75
Insurance / mo$150.00$150.00$150.00
MI / mo$145.99$145.99$63.00
HOA / mo$69.00$69.00$69.00
Total monthly$1,597.59$2,588.40$2,699.75
Cash to close$183,622$35,000$35,000