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$78,239$78,239$292,500
Remaining term (yrs)16.216.230.0
Secondary amount$0$214,261$0
Funding fee$0$0$0
Note rate3.350%3.350%7.400%
Blended rate4.200%6.800%7.640%
1st payment$518.84$518.84$2,025.21
2nd payment$0.00$1,383.77$0.00
Taxes / mo$144.92$144.92$144.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.39$83.39$58.50
HOA / mo$70.00$70.00$70.00
Total monthly$967.15$2,350.92$2,448.63
Cash to close$246,761$32,500$32,500