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$140,975$140,975$288,000
Remaining term (yrs)22.022.030.0
Secondary amount$0$147,025$0
Funding fee$0$0$0
Note rate4.630%4.630%7.400%
Blended rate5.480%6.766%7.640%
1st payment$848.60$848.60$1,994.05
2nd payment$0.00$980.17$0.00
Taxes / mo$40.75$40.75$40.75
Insurance / mo$150.00$150.00$150.00
MI / mo$116.84$116.84$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,156.20$2,136.37$2,242.40
Cash to close$179,025$32,000$32,000