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$78,921$78,921$157,500
Remaining term (yrs)22.222.230.0
Secondary amount$0$78,579$0
Funding fee$0$0$0
Note rate4.870%4.870%7.400%
Blended rate5.720%7.356%7.640%
1st payment$483.64$483.64$1,090.50
2nd payment$0.00$589.34$0.00
Taxes / mo$35.17$35.17$35.17
Insurance / mo$150.00$150.00$150.00
MI / mo$64.77$64.77$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$733.58$1,322.92$1,307.16
Cash to close$96,079$17,500$17,500