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$81,676$81,676$378,000
Remaining term (yrs)8.48.430.0
Secondary amount$0$296,324$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.850%7.556%7.640%
1st payment$1,024.18$1,024.18$2,617.20
2nd payment$0.00$1,913.76$0.00
Taxes / mo$109.67$109.67$109.67
Insurance / mo$150.00$150.00$150.00
MI / mo$121.00$121.00$75.60
HOA / mo$63.00$63.00$63.00
Total monthly$1,467.84$3,381.60$3,015.46
Cash to close$338,324$42,000$42,000