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$97,272$97,272$337,500
Remaining term (yrs)17.717.730.0
Secondary amount$0$240,228$0
Funding fee$0$0$0
Note rate4.190%4.190%7.400%
Blended rate5.040%6.969%7.640%
1st payment$646.08$646.08$2,336.78
2nd payment$0.00$1,551.47$0.00
Taxes / mo$104.25$104.25$104.25
Insurance / mo$150.00$150.00$150.00
MI / mo$93.69$93.69$67.50
HOA / mo$221.00$221.00$221.00
Total monthly$1,215.02$2,766.49$2,879.53
Cash to close$277,728$37,500$37,500