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$45,681$45,681$180,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$134,319$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%7.064%7.640%
1st payment$263.23$263.23$1,246.28
2nd payment$0.00$895.46$0.00
Taxes / mo$20.08$20.08$20.08
Insurance / mo$150.00$150.00$150.00
MI / mo$41.73$41.73$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$475.05$1,370.51$1,452.37
Cash to close$154,319$20,000$20,000