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$82,002$82,002$225,000
Remaining term (yrs)17.017.030.0
Secondary amount$0$142,998$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%7.034%7.640%
1st payment$572.13$572.13$1,557.85
2nd payment$0.00$953.32$0.00
Taxes / mo$76.42$76.42$76.42
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$878.53$1,831.85$1,829.27
Cash to close$167,998$25,000$25,000