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$101,750$101,750$247,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$145,750$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.550%4.937%7.640%
1st payment$282.64$282.64$1,713.64
2nd payment$0.00$971.67$0.00
Taxes / mo$85.83$85.83$85.83
Insurance / mo$150.00$150.00$150.00
MI / mo$46.64$46.64$49.50
HOA / mo$305.00$305.00$305.00
Total monthly$870.11$1,841.77$2,303.97
Cash to close$173,250$27,500$27,500