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$161,029$161,029$193,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$32,471$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.614%7.640%
1st payment$753.61$753.61$1,339.75
2nd payment$0.00$243.53$0.00
Taxes / mo$18.75$18.75$18.75
Insurance / mo$150.00$150.00$150.00
MI / mo$128.58$128.58$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,050.93$1,294.47$1,547.20
Cash to close$53,971$21,500$21,500