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$85,185$85,185$292,498
Remaining term (yrs)12.712.730.0
Secondary amount$0$207,314$0
Funding fee$0$0$0
Note rate5.750%5.750%7.400%
Blended rate6.600%7.415%7.640%
1st payment$783.38$783.38$2,025.20
2nd payment$0.00$1,338.90$0.00
Taxes / mo$102.33$102.33$102.33
Insurance / mo$150.00$150.00$150.00
MI / mo$95.09$95.09$58.50
HOA / mo$200.00$200.00$200.00
Total monthly$1,330.80$2,669.69$2,536.03
Cash to close$239,813$32,500$32,500