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$89,815$89,815$305,100
Remaining term (yrs)17.817.830.0
Secondary amount$0$215,285$0
Funding fee$0$0$0
Note rate4.250%4.250%7.400%
Blended rate5.100%6.970%7.640%
1st payment$597.49$597.49$2,112.45
2nd payment$0.00$1,390.38$0.00
Taxes / mo$73.17$73.17$73.17
Insurance / mo$150.00$150.00$150.00
MI / mo$81.49$81.49$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$902.15$2,292.53$2,396.64
Cash to close$249,185$33,900$33,900