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$122,777$122,777$269,910
Remaining term (yrs)18.618.630.0
Secondary amount$0$147,133$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.476%7.640%
1st payment$763.79$763.79$1,868.80
2nd payment$0.00$980.89$0.00
Taxes / mo$101.58$101.58$101.58
Insurance / mo$150.00$150.00$150.00
MI / mo$116.11$116.11$53.98
HOA / mo$205.00$205.00$205.00
Total monthly$1,336.49$2,317.37$2,379.37
Cash to close$177,123$29,990$29,990