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$61,849$61,849$225,000
Remaining term (yrs)16.916.930.0
Secondary amount$0$163,151$0
Funding fee$0$0$0
Note rate4.370%4.370%7.400%
Blended rate5.220%7.236%7.640%
1st payment$430.14$430.14$1,557.85
2nd payment$0.00$1,087.68$0.00
Taxes / mo$108.75$108.75$108.75
Insurance / mo$150.00$150.00$150.00
MI / mo$61.06$61.06$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$749.95$1,837.63$1,861.60
Cash to close$188,151$25,000$25,000