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$101,764$101,764$234,000
Remaining term (yrs)22.322.330.0
Secondary amount$0$132,236$0
Funding fee$0$0$0
Note rate4.810%4.810%7.400%
Blended rate5.660%6.982%7.640%
1st payment$618.90$618.90$1,620.17
2nd payment$0.00$881.57$0.00
Taxes / mo$93.00$93.00$93.00
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$945.36$1,826.94$1,909.97
Cash to close$158,236$26,000$26,000