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$86,678$86,678$323,100
Remaining term (yrs)16.016.030.0
Secondary amount$0$236,422$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%6.792%7.640%
1st payment$578.40$578.40$2,237.08
2nd payment$0.00$1,526.89$0.00
Taxes / mo$114.67$114.67$114.67
Insurance / mo$150.00$150.00$150.00
MI / mo$93.20$93.20$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$936.27$2,463.16$2,566.37
Cash to close$272,322$35,900$35,900