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$127,882$127,882$449,995
Remaining term (yrs)13.313.330.0
Secondary amount$0$322,113$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.600%7.139%7.640%
1st payment$1,075.62$1,075.62$3,115.67
2nd payment$0.00$2,080.31$0.00
Taxes / mo$186.92$186.92$186.92
Insurance / mo$166.67$166.67$166.67
MI / mo$146.06$146.06$90.00
HOA / mo$51.00$51.00$51.00
Total monthly$1,626.25$3,706.57$3,610.25
Cash to close$372,112$49,999$49,999