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$63,149$63,149$305,100
Remaining term (yrs)17.017.030.0
Secondary amount$0$241,951$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%7.245%7.640%
1st payment$440.70$440.70$2,112.45
2nd payment$0.00$1,562.60$0.00
Taxes / mo$79.08$79.08$79.08
Insurance / mo$150.00$150.00$150.00
MI / mo$61.90$61.90$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$731.69$2,294.28$2,402.55
Cash to close$275,851$33,900$33,900