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$56,548$56,548$180,000
Remaining term (yrs)9.59.530.0
Secondary amount$0$123,452$0
Funding fee$0$0$0
Note rate2.240%2.240%7.400%
Blended rate3.090%6.457%7.640%
1st payment$546.84$546.84$1,246.28
2nd payment$0.00$823.01$0.00
Taxes / mo$56.33$56.33$56.33
Insurance / mo$150.00$150.00$150.00
MI / mo$59.17$59.17$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$812.35$1,635.36$1,488.62
Cash to close$143,452$20,000$20,000