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$72,933$72,933$225,000
Remaining term (yrs)9.49.430.0
Secondary amount$0$152,067$0
Funding fee$0$0$0
Note rate6.250%6.250%7.400%
Blended rate7.100%7.708%7.640%
1st payment$850.00$850.00$1,557.85
2nd payment$0.00$1,013.78$0.00
Taxes / mo$120.00$120.00$120.00
Insurance / mo$150.00$150.00$150.00
MI / mo$97.79$97.79$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,217.78$2,231.56$1,872.85
Cash to close$177,067$25,000$25,000