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$49,194$49,194$305,999
Remaining term (yrs)7.47.430.0
Secondary amount$0$256,805$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.525%7.640%
1st payment$668.30$668.30$2,118.68
2nd payment$0.00$1,658.53$0.00
Taxes / mo$107.92$107.92$107.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.37$83.37$61.20
HOA / mo$38.00$38.00$38.00
Total monthly$1,047.59$2,706.12$2,475.79
Cash to close$290,805$34,000$34,000