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$159,336$159,336$269,910
Remaining term (yrs)22.822.830.0
Secondary amount$0$110,574$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.993%7.640%
1st payment$864.44$864.44$1,868.80
2nd payment$0.00$737.16$0.00
Taxes / mo$166.08$166.08$166.08
Insurance / mo$150.00$150.00$150.00
MI / mo$132.22$132.22$53.98
HOA / mo$60.67$60.67$60.67
Total monthly$1,373.41$2,110.57$2,299.54
Cash to close$140,564$29,990$29,990