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$170,225$170,225$297,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$126,775$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.553%7.640%
1st payment$819.36$819.36$2,056.37
2nd payment$0.00$845.17$0.00
Taxes / mo$69.25$69.25$69.25
Insurance / mo$150.00$150.00$150.00
MI / mo$139.80$139.80$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,178.40$2,023.57$2,335.02
Cash to close$159,775$33,000$33,000