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$163,727$163,727$270,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$106,273$0
Funding fee$0$0$0
Note rate4.030%4.030%7.400%
Blended rate4.880%6.108%7.640%
1st payment$963.99$963.99$1,869.43
2nd payment$0.00$708.49$0.00
Taxes / mo$176.17$176.17$176.17
Insurance / mo$150.00$150.00$150.00
MI / mo$142.51$142.51$54.00
HOA / mo$103.00$103.00$103.00
Total monthly$1,535.66$2,244.15$2,352.59
Cash to close$136,273$30,000$30,000