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$54,161$54,161$324,000
Remaining term (yrs)12.512.530.0
Secondary amount$0$269,839$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.432%7.640%
1st payment$483.99$483.99$2,243.31
2nd payment$0.00$1,742.71$0.00
Taxes / mo$44.50$44.50$44.50
Insurance / mo$150.00$150.00$150.00
MI / mo$63.86$63.86$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$742.36$2,485.07$2,502.61
Cash to close$305,839$36,000$36,000