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$187,390$187,390$269,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$82,520$0
Funding fee$0$0$0
Note rate3.150%3.150%7.400%
Blended rate4.000%5.529%7.640%
1st payment$932.47$932.47$1,868.80
2nd payment$0.00$618.90$0.00
Taxes / mo$126.50$126.50$126.50
Insurance / mo$150.00$150.00$150.00
MI / mo$153.70$153.70$53.98
HOA / mo$92.00$92.00$92.00
Total monthly$1,454.67$2,073.57$2,291.28
Cash to close$112,510$29,990$29,990