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$63,410$63,410$112,500
Remaining term (yrs)19.519.530.0
Secondary amount$0$49,090$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.486%7.640%
1st payment$378.26$378.26$778.93
2nd payment$0.00$368.17$0.00
Taxes / mo$77.25$77.25$77.25
Insurance / mo$150.00$150.00$150.00
MI / mo$58.28$58.28$22.50
HOA / mo$50.00$50.00$50.00
Total monthly$713.80$1,081.97$1,078.68
Cash to close$61,590$12,500$12,500