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$4,429$4,429$107,100
Remaining term (yrs)27.327.330.0
Secondary amount$0$102,671$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.975%7.640%
1st payment$29.85$29.85$741.54
2nd payment$0.00$684.47$0.00
Taxes / mo$8.83$8.83$8.83
Insurance / mo$150.00$150.00$150.00
MI / mo$2.07$2.07$21.42
HOA / mo$0.00$0.00$0.00
Total monthly$190.75$875.22$921.79
Cash to close$114,571$11,900$11,900