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$165,759$165,759$301,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$135,741$0
Funding fee$0$0$0
Note rate4.720%4.720%7.400%
Blended rate5.570%6.664%7.640%
1st payment$930.93$930.93$2,087.53
2nd payment$0.00$904.94$0.00
Taxes / mo$127.58$127.58$127.58
Insurance / mo$150.00$150.00$150.00
MI / mo$126.85$126.85$60.30
HOA / mo$67.00$67.00$67.00
Total monthly$1,402.36$2,307.30$2,492.41
Cash to close$169,241$33,500$33,500