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$46,844$46,844$562,410
Remaining term (yrs)5.05.030.0
Secondary amount$0$515,566$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.800%7.754%7.640%
1st payment$913.75$913.75$3,894.01
2nd payment$0.00$3,329.70$0.00
Taxes / mo$116.75$116.75$116.75
Insurance / mo$166.67$166.67$166.67
MI / mo$97.78$97.78$112.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,294.95$4,624.65$4,289.91
Cash to close$578,056$62,490$62,490