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$172,244$172,244$449,910
Remaining term (yrs)13.013.030.0
Secondary amount$0$277,666$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.023%7.640%
1st payment$1,496.99$1,496.99$3,115.09
2nd payment$0.00$1,793.26$0.00
Taxes / mo$167.75$167.75$167.75
Insurance / mo$166.67$166.67$166.67
MI / mo$197.53$197.53$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,028.93$3,822.19$3,539.48
Cash to close$327,656$49,990$49,990