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$52,310$52,310$133,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$81,689$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%6.962%7.640%
1st payment$246.16$246.16$927.78
2nd payment$0.00$612.67$0.00
Taxes / mo$50.58$50.58$50.58
Insurance / mo$150.00$150.00$150.00
MI / mo$41.73$41.73$26.80
HOA / mo$0.00$0.00$0.00
Total monthly$488.47$1,101.14$1,155.17
Cash to close$96,578$14,889$14,889