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$145,069$145,069$243,000
Remaining term (yrs)22.122.130.0
Secondary amount$0$97,931$0
Funding fee$0$0$0
Note rate4.830%4.830%7.400%
Blended rate5.680%7.018%7.640%
1st payment$887.59$887.59$1,682.48
2nd payment$0.00$734.48$0.00
Taxes / mo$53.83$53.83$53.83
Insurance / mo$150.00$150.00$150.00
MI / mo$119.42$119.42$48.60
HOA / mo$234.00$234.00$234.00
Total monthly$1,444.84$2,179.32$2,168.92
Cash to close$124,931$27,000$27,000