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$132,758$132,758$202,410
Remaining term (yrs)23.323.330.0
Secondary amount$0$69,652$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%6.042%7.640%
1st payment$702.73$702.73$1,401.45
2nd payment$0.00$522.39$0.00
Taxes / mo$54.42$54.42$54.42
Insurance / mo$150.00$150.00$150.00
MI / mo$108.95$108.95$40.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,016.10$1,538.49$1,646.34
Cash to close$92,142$22,490$22,490