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$182,583$182,583$290,969
Remaining term (yrs)23.323.330.0
Secondary amount$0$108,386$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%5.854%7.640%
1st payment$975.27$975.27$2,014.61
2nd payment$0.00$722.57$0.00
Taxes / mo$176.67$176.67$176.67
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$58.19
HOA / mo$60.67$60.67$60.67
Total monthly$1,512.14$2,234.71$2,460.14
Cash to close$140,716$32,330$32,330