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$146,332$146,332$202,499
Remaining term (yrs)26.726.730.0
Secondary amount$0$56,168$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.540%7.640%
1st payment$954.96$954.96$1,402.06
2nd payment$0.00$421.26$0.00
Taxes / mo$35.25$35.25$35.25
Insurance / mo$150.00$150.00$150.00
MI / mo$69.75$69.75$40.50
HOA / mo$232.00$232.00$232.00
Total monthly$1,441.97$1,863.22$1,859.81
Cash to close$78,667$22,500$22,500