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$107,873$107,873$283,500
Remaining term (yrs)17.517.530.0
Secondary amount$0$175,627$0
Funding fee$0$0$0
Note rate4.300%4.300%7.400%
Blended rate5.150%6.916%7.640%
1st payment$729.51$729.51$1,962.90
2nd payment$0.00$1,170.85$0.00
Taxes / mo$170.17$170.17$170.17
Insurance / mo$150.00$150.00$150.00
MI / mo$104.42$104.42$56.70
HOA / mo$137.00$137.00$137.00
Total monthly$1,291.10$2,461.95$2,476.76
Cash to close$207,127$31,500$31,500