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$173,570$173,570$427,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$253,930$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.604%7.640%
1st payment$1,147.52$1,147.52$2,959.92
2nd payment$0.00$1,639.96$0.00
Taxes / mo$124.92$124.92$124.92
Insurance / mo$166.67$166.67$166.67
MI / mo$128.07$128.07$85.50
HOA / mo$139.00$139.00$139.00
Total monthly$1,706.17$3,346.13$3,476.01
Cash to close$301,430$47,500$47,500