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$106,126$106,126$225,000
Remaining term (yrs)19.719.730.0
Secondary amount$0$118,874$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.326%7.640%
1st payment$624.52$624.52$1,557.85
2nd payment$0.00$792.49$0.00
Taxes / mo$75.75$75.75$75.75
Insurance / mo$150.00$150.00$150.00
MI / mo$97.30$97.30$45.00
HOA / mo$145.00$145.00$145.00
Total monthly$1,092.57$1,885.07$1,973.60
Cash to close$143,874$25,000$25,000