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$88,421$88,421$229,500
Remaining term (yrs)19.119.130.0
Secondary amount$0$141,079$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%6.717%7.640%
1st payment$541.19$541.19$1,589.01
2nd payment$0.00$940.53$0.00
Taxes / mo$43.92$43.92$43.92
Insurance / mo$150.00$150.00$150.00
MI / mo$82.07$82.07$45.90
HOA / mo$195.00$195.00$195.00
Total monthly$1,012.17$1,952.70$2,023.83
Cash to close$166,579$25,500$25,500