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$158,746$158,746$391,500
Remaining term (yrs)21.021.030.0
Secondary amount$0$232,754$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%6.530%7.640%
1st payment$920.50$920.50$2,710.67
2nd payment$0.00$1,503.21$0.00
Taxes / mo$104.75$104.75$104.75
Insurance / mo$150.00$150.00$150.00
MI / mo$138.40$138.40$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,313.65$2,816.86$3,043.72
Cash to close$276,254$43,500$43,500