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$98,688$98,688$274,500
Remaining term (yrs)19.819.830.0
Secondary amount$0$175,812$0
Funding fee$0$0$0
Note rate3.540%3.540%7.400%
Blended rate4.390%6.702%7.640%
1st payment$576.04$576.04$1,900.58
2nd payment$0.00$1,172.08$0.00
Taxes / mo$63.67$63.67$63.67
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$880.12$2,052.20$2,169.15
Cash to close$206,312$30,500$30,500