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$49,629$49,629$153,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$103,371$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%6.803%7.640%
1st payment$285.17$285.17$1,059.34
2nd payment$0.00$689.14$0.00
Taxes / mo$58.08$58.08$58.08
Insurance / mo$150.00$150.00$150.00
MI / mo$45.21$45.21$30.60
HOA / mo$119.00$119.00$119.00
Total monthly$657.46$1,346.60$1,417.02
Cash to close$120,371$17,000$17,000