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$153,764$153,764$553,500
Remaining term (yrs)18.818.830.0
Secondary amount$0$399,736$0
Funding fee$0$0$0
Note rate3.870%3.870%7.400%
Blended rate4.720%6.908%7.640%
1st payment$956.35$956.35$3,832.32
2nd payment$0.00$2,581.63$0.00
Taxes / mo$196.42$196.42$196.42
Insurance / mo$166.67$166.67$166.67
MI / mo$144.15$144.15$110.70
HOA / mo$51.50$51.50$51.50
Total monthly$1,515.08$4,096.71$4,357.61
Cash to close$461,236$61,500$61,500