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$156,184$156,184$265,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$109,316$0
Funding fee$0$0$0
Note rate2.375%2.375%7.400%
Blended rate3.225%5.194%7.640%
1st payment$699.46$699.46$1,838.27
2nd payment$0.00$728.77$0.00
Taxes / mo$39.08$39.08$39.08
Insurance / mo$0.00$0.00$0.00
MI / mo$127.48$127.48$53.10
HOA / mo$245.00$245.00$245.00
Total monthly$1,111.02$1,839.79$2,175.45
Cash to close$138,816$29,500$29,500