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$12,104$12,104$328,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$316,396$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.734%7.640%
1st payment$79.73$79.73$2,274.47
2nd payment$0.00$2,043.39$0.00
Taxes / mo$126.33$126.33$126.33
Insurance / mo$150.00$150.00$150.00
MI / mo$5.63$5.63$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$361.69$2,405.08$2,616.50
Cash to close$352,896$36,500$36,500