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$96,789$96,789$366,300
Remaining term (yrs)14.214.230.0
Secondary amount$0$269,511$0
Funding fee$0$0$0
Note rate4.370%4.370%7.400%
Blended rate5.220%7.081%7.640%
1st payment$758.23$758.23$2,536.19
2nd payment$0.00$1,740.59$0.00
Taxes / mo$126.08$126.08$126.08
Insurance / mo$150.00$150.00$150.00
MI / mo$107.63$107.63$73.26
HOA / mo$152.00$152.00$152.00
Total monthly$1,293.95$3,034.54$3,037.53
Cash to close$310,211$40,700$40,700