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$142,987$142,987$337,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$194,513$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%6.504%7.640%
1st payment$760.54$760.54$2,336.78
2nd payment$0.00$1,296.75$0.00
Taxes / mo$147.67$147.67$147.67
Insurance / mo$150.00$150.00$150.00
MI / mo$118.20$118.20$67.50
HOA / mo$105.00$105.00$105.00
Total monthly$1,281.41$2,578.16$2,806.95
Cash to close$232,013$37,500$37,500