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$141,126$141,126$265,410
Remaining term (yrs)22.222.230.0
Secondary amount$0$124,284$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%5.809%7.640%
1st payment$725.34$725.34$1,837.65
2nd payment$0.00$828.56$0.00
Taxes / mo$70.17$70.17$70.17
Insurance / mo$150.00$150.00$150.00
MI / mo$116.28$116.28$53.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,061.79$1,890.35$2,110.89
Cash to close$153,774$29,490$29,490