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$74,443$74,443$157,410
Remaining term (yrs)14.514.530.0
Secondary amount$0$82,967$0
Funding fee$0$0$0
Note rate4.870%4.870%7.400%
Blended rate5.720%7.449%7.640%
1st payment$592.69$592.69$1,089.88
2nd payment$0.00$622.25$0.00
Taxes / mo$76.08$76.08$76.08
Insurance / mo$150.00$150.00$150.00
MI / mo$79.38$79.38$31.48
HOA / mo$0.00$0.00$0.00
Total monthly$898.14$1,520.39$1,347.44
Cash to close$100,457$17,490$17,490