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$74,976$74,976$207,000
Remaining term (yrs)20.320.330.0
Secondary amount$0$132,024$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.703%7.640%
1st payment$431.41$431.41$1,433.23
2nd payment$0.00$880.16$0.00
Taxes / mo$41.08$41.08$41.08
Insurance / mo$150.00$150.00$150.00
MI / mo$67.46$67.46$41.40
HOA / mo$227.00$227.00$227.00
Total monthly$916.96$1,797.12$1,892.71
Cash to close$155,024$23,000$23,000