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$94,289$94,289$315,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$220,711$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%6.933%7.640%
1st payment$569.34$569.34$2,181.00
2nd payment$0.00$1,425.42$0.00
Taxes / mo$30.00$30.00$30.00
Insurance / mo$150.00$150.00$150.00
MI / mo$82.76$82.76$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$832.11$2,257.53$2,424.00
Cash to close$255,711$35,000$35,000