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$109,117$109,117$283,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$174,383$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%6.303%7.640%
1st payment$509.96$509.96$1,962.90
2nd payment$0.00$1,162.56$0.00
Taxes / mo$79.25$79.25$79.25
Insurance / mo$150.00$150.00$150.00
MI / mo$88.60$88.60$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$827.81$1,990.37$2,248.85
Cash to close$205,883$31,500$31,500