Sophia Sommer

(602) 512-9825
The Sommer Group
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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$77,709$77,709$355,500
Remaining term (yrs)15.615.630.0
Secondary amount$0$277,791$0
Funding fee$0$0$0
Note rate3.910%3.910%7.400%
Blended rate4.760%7.096%7.640%
1st payment$551.32$551.32$2,461.41
2nd payment$0.00$1,794.07$0.00
Taxes / mo$94.75$94.75$94.75
Insurance / mo$150.00$150.00$150.00
MI / mo$82.69$82.69$71.10
HOA / mo$94.00$94.00$94.00
Total monthly$972.76$2,766.83$2,871.26
Cash to close$317,291$39,500$39,500