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$140,477$140,477$352,800
Remaining term (yrs)28.528.530.0
Secondary amount$0$212,323$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.531%7.640%
1st payment$916.11$916.11$2,442.72
2nd payment$0.00$1,371.25$0.00
Taxes / mo$194.58$194.58$194.58
Insurance / mo$150.00$150.00$150.00
MI / mo$65.41$65.41$70.56
HOA / mo$0.00$0.00$0.00
Total monthly$1,326.10$2,697.35$2,857.86
Cash to close$251,523$39,200$39,200