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$184,071$184,071$297,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$112,929$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%5.738%7.640%
1st payment$921.50$921.50$2,056.37
2nd payment$0.00$752.86$0.00
Taxes / mo$153.67$153.67$153.67
Insurance / mo$150.00$150.00$150.00
MI / mo$145.36$145.36$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,370.53$2,123.39$2,419.43
Cash to close$145,929$33,000$33,000