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$64,254$64,254$396,000
Remaining term (yrs)14.614.630.0
Secondary amount$0$331,746$0
Funding fee$0$0$0
Note rate4.840%4.840%7.400%
Blended rate5.690%7.416%7.640%
1st payment$508.59$508.59$2,741.82
2nd payment$0.00$2,142.53$0.00
Taxes / mo$145.83$145.83$145.83
Insurance / mo$150.00$150.00$150.00
MI / mo$68.35$68.35$79.20
HOA / mo$105.67$105.67$105.67
Total monthly$978.44$3,120.96$3,222.53
Cash to close$375,746$44,000$44,000