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$82,817$82,817$176,400
Remaining term (yrs)20.520.530.0
Secondary amount$0$93,583$0
Funding fee$0$0$0
Note rate4.250%4.250%7.400%
Blended rate5.100%7.169%7.640%
1st payment$502.35$502.35$1,221.36
2nd payment$0.00$701.87$0.00
Taxes / mo$44.00$44.00$44.00
Insurance / mo$150.00$150.00$150.00
MI / mo$72.33$72.33$35.28
HOA / mo$290.00$290.00$290.00
Total monthly$1,058.68$1,760.55$1,740.64
Cash to close$113,183$19,600$19,600