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$177,487$177,487$224,991
Remaining term (yrs)27.027.030.0
Secondary amount$0$47,504$0
Funding fee$0$0$0
Note rate7.180%7.180%7.400%
Blended rate7.730%7.998%7.640%
1st payment$1,239.20$1,239.20$1,557.79
2nd payment$0.00$356.28$0.00
Taxes / mo$76.67$76.67$76.67
Insurance / mo$150.00$150.00$150.00
MI / mo$83.84$83.84$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,549.70$1,905.98$1,829.46
Cash to close$72,503$24,999$24,999