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$83,685$83,685$252,000
Remaining term (yrs)21.521.530.0
Secondary amount$0$168,315$0
Funding fee$0$0$0
Note rate4.430%4.430%7.400%
Blended rate5.280%7.097%7.640%
1st payment$502.38$502.38$1,744.80
2nd payment$0.00$1,122.10$0.00
Taxes / mo$34.83$34.83$34.83
Insurance / mo$150.00$150.00$150.00
MI / mo$70.81$70.81$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$758.02$1,880.12$1,980.03
Cash to close$196,315$28,000$28,000