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$165,863$165,863$211,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$45,637$0
Funding fee$0$0$0
Note rate3.170%3.170%7.400%
Blended rate4.020%5.095%7.640%
1st payment$806.60$806.60$1,464.38
2nd payment$0.00$342.28$0.00
Taxes / mo$86.17$86.17$86.17
Insurance / mo$150.00$150.00$150.00
MI / mo$132.61$132.61$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,175.38$1,517.66$1,742.85
Cash to close$69,137$23,500$23,500