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$34,978$34,978$215,100
Remaining term (yrs)6.76.730.0
Secondary amount$0$180,122$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.732%7.640%
1st payment$512.70$512.70$1,489.31
2nd payment$0.00$1,200.81$0.00
Taxes / mo$59.58$59.58$59.58
Insurance / mo$150.00$150.00$150.00
MI / mo$63.96$63.96$43.02
HOA / mo$300.00$300.00$300.00
Total monthly$1,086.24$2,287.05$2,041.91
Cash to close$204,022$23,900$23,900