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$157,414$157,414$315,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$157,586$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.226%7.640%
1st payment$837.54$837.54$2,181.00
2nd payment$0.00$1,050.57$0.00
Taxes / mo$95.67$95.67$95.67
Insurance / mo$150.00$150.00$150.00
MI / mo$130.49$130.49$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,213.69$2,264.27$2,489.66
Cash to close$192,586$35,000$35,000