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$46,105$46,105$741,600
Remaining term (yrs)17.617.630.0
Secondary amount$0$695,495$0
Funding fee$0$0$0
Note rate4.300%4.300%7.400%
Blended rate5.150%7.588%7.640%
1st payment$309.83$309.83$5,134.69
2nd payment$0.00$4,491.74$0.00
Taxes / mo$319.92$319.92$319.92
Insurance / mo$216.67$216.67$216.67
MI / mo$44.35$44.35$148.32
HOA / mo$143.00$143.00$143.00
Total monthly$1,033.77$5,525.51$5,962.59
Cash to close$777,895$82,400$82,400