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$77,486$77,486$126,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$48,514$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.882%7.640%
1st payment$373.17$373.17$872.40
2nd payment$0.00$363.86$0.00
Taxes / mo$20.33$20.33$20.33
Insurance / mo$150.00$150.00$150.00
MI / mo$62.06$62.06$25.20
HOA / mo$0.00$0.00$0.00
Total monthly$605.56$969.42$1,067.93
Cash to close$62,514$14,000$14,000