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$89,765$89,765$279,000
Remaining term (yrs)19.319.330.0
Secondary amount$0$189,235$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.970%7.640%
1st payment$552.30$552.30$1,931.74
2nd payment$0.00$1,261.56$0.00
Taxes / mo$58.58$58.58$58.58
Insurance / mo$150.00$150.00$150.00
MI / mo$82.44$82.44$55.80
HOA / mo$70.00$70.00$70.00
Total monthly$913.33$2,174.89$2,266.12
Cash to close$220,235$31,000$31,000