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$0$0$675,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$675,000$0
Funding fee$0$0$0
Note rate6.360%6.360%7.400%
Blended rate7.210%7.750%7.640%
1st payment$400.21$400.21$4,673.56
2nd payment$0.00$4,359.38$0.00
Taxes / mo$402.25$402.25$402.25
Insurance / mo$216.67$216.67$216.67
MI / mo$42.53$42.53$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,061.66$5,421.04$5,427.48
Cash to close$750,000$75,000$75,000