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$86,698$86,698$224,910
Remaining term (yrs)18.418.430.0
Secondary amount$0$138,212$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.628%7.640%
1st payment$535.03$535.03$1,557.23
2nd payment$0.00$921.42$0.00
Taxes / mo$99.67$99.67$99.67
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$44.98
HOA / mo$141.00$141.00$141.00
Total monthly$1,009.16$1,930.57$1,992.88
Cash to close$163,202$24,990$24,990