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$112,739$112,739$224,100
Remaining term (yrs)10.010.030.0
Secondary amount$0$111,361$0
Funding fee$0$0$0
Note rate6.360%6.360%7.400%
Blended rate7.210%7.603%7.640%
1st payment$1,257.19$1,257.19$1,551.62
2nd payment$0.00$742.40$0.00
Taxes / mo$37.00$37.00$37.00
Insurance / mo$150.00$150.00$150.00
MI / mo$142.96$142.96$44.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,587.15$2,329.56$1,783.44
Cash to close$136,261$24,900$24,900