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$40,666$40,666$222,750
Remaining term (yrs)13.313.330.0
Secondary amount$0$182,084$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%7.653%7.640%
1st payment$352.43$352.43$1,542.28
2nd payment$0.00$1,213.89$0.00
Taxes / mo$64.75$64.75$64.75
Insurance / mo$150.00$150.00$150.00
MI / mo$45.21$45.21$44.55
HOA / mo$160.00$160.00$160.00
Total monthly$772.38$1,986.28$1,961.58
Cash to close$206,834$24,750$24,750