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$142,017$142,017$364,500
Remaining term (yrs)20.020.030.0
Secondary amount$0$222,483$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%6.410%7.640%
1st payment$816.02$816.02$2,523.72
2nd payment$0.00$1,436.87$0.00
Taxes / mo$109.92$109.92$109.92
Insurance / mo$150.00$150.00$150.00
MI / mo$129.36$129.36$72.90
HOA / mo$71.00$71.00$71.00
Total monthly$1,276.30$2,713.17$2,927.54
Cash to close$262,983$40,500$40,500