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$7,325$7,325$233,910
Remaining term (yrs)1.21.230.0
Secondary amount$0$226,585$0
Funding fee$0$0$0
Note rate5.490%5.490%7.400%
Blended rate6.340%7.706%7.640%
1st payment$475.80$475.80$1,619.55
2nd payment$0.00$1,463.36$0.00
Taxes / mo$127.08$127.08$127.08
Insurance / mo$150.00$150.00$150.00
MI / mo$59.42$59.42$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$812.31$2,275.67$1,943.41
Cash to close$252,575$25,990$25,990