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$102,188$102,188$382,500
Remaining term (yrs)20.820.830.0
Secondary amount$0$280,312$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.943%7.640%
1st payment$595.06$595.06$2,648.35
2nd payment$0.00$1,810.35$0.00
Taxes / mo$71.58$71.58$71.58
Insurance / mo$150.00$150.00$150.00
MI / mo$89.58$89.58$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$906.22$2,716.57$2,946.44
Cash to close$322,812$42,500$42,500