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$125,831$125,831$288,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$162,169$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%6.698%7.640%
1st payment$759.80$759.80$1,994.05
2nd payment$0.00$1,081.12$0.00
Taxes / mo$101.33$101.33$101.33
Insurance / mo$150.00$150.00$150.00
MI / mo$110.45$110.45$57.60
HOA / mo$270.00$270.00$270.00
Total monthly$1,391.59$2,472.71$2,572.99
Cash to close$194,169$32,000$32,000