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$143,450$143,450$234,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$90,550$0
Funding fee$0$0$0
Note rate2.500%2.500%7.400%
Blended rate3.350%5.536%7.640%
1st payment$659.54$659.54$1,620.17
2nd payment$0.00$679.13$0.00
Taxes / mo$82.08$82.08$82.08
Insurance / mo$150.00$150.00$150.00
MI / mo$118.24$118.24$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,009.85$1,688.98$1,899.05
Cash to close$116,550$26,000$26,000