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$186,917$186,917$306,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$119,083$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.453%7.640%
1st payment$884.44$884.44$2,118.68
2nd payment$0.00$793.89$0.00
Taxes / mo$88.33$88.33$88.33
Insurance / mo$150.00$150.00$150.00
MI / mo$148.97$148.97$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,271.75$2,065.63$2,418.22
Cash to close$153,083$34,000$34,000