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$21,140$21,140$90,000
Remaining term (yrs)5.05.030.0
Secondary amount$0$68,860$0
Funding fee$0$0$0
Note rate7.500%7.500%7.400%
Blended rate8.350%8.847%7.640%
1st payment$412.33$412.33$623.14
2nd payment$0.00$516.45$0.00
Taxes / mo$31.33$31.33$31.33
Insurance / mo$150.00$150.00$150.00
MI / mo$41.77$41.77$18.00
HOA / mo$0.00$0.00$0.00
Total monthly$635.44$1,151.89$822.48
Cash to close$78,860$10,000$10,000