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$134,274$134,274$306,000
Remaining term (yrs)20.720.730.0
Secondary amount$0$171,726$0
Funding fee$0$0$0
Note rate4.010%4.010%7.400%
Blended rate4.860%6.622%7.640%
1st payment$793.17$793.17$2,118.68
2nd payment$0.00$1,144.84$0.00
Taxes / mo$92.08$92.08$92.08
Insurance / mo$150.00$150.00$150.00
MI / mo$117.54$117.54$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,152.79$2,297.64$2,421.97
Cash to close$205,726$34,000$34,000