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$140,807$140,807$173,250
Remaining term (yrs)28.828.830.0
Secondary amount$0$32,443$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.635%7.640%
1st payment$925.82$925.82$1,199.55
2nd payment$0.00$243.32$0.00
Taxes / mo$73.25$73.25$73.25
Insurance / mo$150.00$150.00$150.00
MI / mo$65.29$65.29$34.65
HOA / mo$0.00$0.00$0.00
Total monthly$1,214.36$1,457.69$1,457.45
Cash to close$51,693$19,250$19,250