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$73,646$73,646$360,000
Remaining term (yrs)15.315.330.0
Secondary amount$0$286,354$0
Funding fee$0$0$0
Note rate3.960%3.960%7.400%
Blended rate4.810%7.149%7.640%
1st payment$532.52$532.52$2,492.57
2nd payment$0.00$1,849.37$0.00
Taxes / mo$101.83$101.83$101.83
Insurance / mo$150.00$150.00$150.00
MI / mo$79.39$79.39$72.00
HOA / mo$85.00$85.00$85.00
Total monthly$948.75$2,798.12$2,901.40
Cash to close$326,354$40,000$40,000