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$84,278$84,278$269,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$184,822$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%7.499%7.640%
1st payment$510.13$510.13$1,863.19
2nd payment$0.00$1,232.15$0.00
Taxes / mo$84.75$84.75$84.75
Insurance / mo$150.00$150.00$150.00
MI / mo$63.29$63.29$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$808.17$2,040.32$2,151.76
Cash to close$214,722$29,900$29,900