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$131,917$131,917$270,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$138,083$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.924%7.640%
1st payment$615.93$615.93$1,869.43
2nd payment$0.00$920.56$0.00
Taxes / mo$79.17$79.17$79.17
Insurance / mo$150.00$150.00$150.00
MI / mo$104.82$104.82$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$949.92$1,870.47$2,152.59
Cash to close$168,083$30,000$30,000