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$120,516$120,516$269,100
Remaining term (yrs)20.220.230.0
Secondary amount$0$148,584$0
Funding fee$0$0$0
Note rate3.520%3.520%7.400%
Blended rate4.370%6.374%7.640%
1st payment$692.28$692.28$1,863.19
2nd payment$0.00$990.56$0.00
Taxes / mo$76.33$76.33$76.33
Insurance / mo$150.00$150.00$150.00
MI / mo$108.93$108.93$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,027.54$2,018.10$2,143.35
Cash to close$178,484$29,900$29,900