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$166,425$166,425$361,800
Remaining term (yrs)24.524.530.0
Secondary amount$0$195,375$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%6.174%7.640%
1st payment$812.00$812.00$2,505.03
2nd payment$0.00$1,302.50$0.00
Taxes / mo$178.42$178.42$178.42
Insurance / mo$150.00$150.00$150.00
MI / mo$133.33$133.33$72.36
HOA / mo$90.00$90.00$90.00
Total monthly$1,363.76$2,666.26$2,995.81
Cash to close$235,575$40,200$40,200