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$71,458$71,458$359,999
Remaining term (yrs)7.47.430.0
Secondary amount$0$288,541$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.350%7.671%7.640%
1st payment$1,005.29$1,005.29$2,492.56
2nd payment$0.00$1,863.49$0.00
Taxes / mo$153.17$153.17$153.17
Insurance / mo$150.00$150.00$150.00
MI / mo$112.66$112.66$72.00
HOA / mo$70.00$70.00$70.00
Total monthly$1,491.11$3,354.60$2,937.73
Cash to close$328,541$40,000$40,000