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$79,255$79,255$162,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$82,745$0
Funding fee$0$0$0
Note rate4.570%4.570%7.400%
Blended rate5.420%7.249%7.640%
1st payment$476.52$476.52$1,121.66
2nd payment$0.00$620.59$0.00
Taxes / mo$53.83$53.83$53.83
Insurance / mo$150.00$150.00$150.00
MI / mo$66.07$66.07$32.40
HOA / mo$3.67$3.67$3.67
Total monthly$750.09$1,370.68$1,361.56
Cash to close$100,745$18,000$18,000