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$177,543$177,543$292,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$114,957$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.815%7.640%
1st payment$882.72$882.72$2,025.21
2nd payment$0.00$766.38$0.00
Taxes / mo$62.50$62.50$62.50
Insurance / mo$150.00$150.00$150.00
MI / mo$138.38$138.38$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,233.60$1,999.97$2,296.21
Cash to close$147,457$32,500$32,500