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$137,730$137,730$229,499
Remaining term (yrs)18.818.830.0
Secondary amount$0$91,769$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%6.533%7.640%
1st payment$868.80$868.80$1,589.01
2nd payment$0.00$688.27$0.00
Taxes / mo$67.08$67.08$67.08
Insurance / mo$150.00$150.00$150.00
MI / mo$128.28$128.28$45.90
HOA / mo$249.00$249.00$249.00
Total monthly$1,463.17$2,151.44$2,100.99
Cash to close$117,269$25,500$25,500