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$135,466$135,466$161,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$26,444$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.368%7.640%
1st payment$874.66$874.66$1,121.03
2nd payment$0.00$198.33$0.00
Taxes / mo$56.33$56.33$56.33
Insurance / mo$150.00$150.00$150.00
MI / mo$63.42$63.42$32.38
HOA / mo$125.00$125.00$125.00
Total monthly$1,269.41$1,467.75$1,484.75
Cash to close$44,434$17,990$17,990