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$74,392$74,392$171,000
Remaining term (yrs)21.621.630.0
Secondary amount$0$96,608$0
Funding fee$0$0$0
Note rate4.470%4.470%7.400%
Blended rate5.320%7.399%7.640%
1st payment$446.18$446.18$1,183.97
2nd payment$0.00$724.56$0.00
Taxes / mo$34.67$34.67$34.67
Insurance / mo$150.00$150.00$150.00
MI / mo$62.59$62.59$34.20
HOA / mo$270.00$270.00$270.00
Total monthly$963.44$1,688.00$1,672.84
Cash to close$115,608$19,000$19,000