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$70,307$70,307$359,999
Remaining term (yrs)13.813.830.0
Secondary amount$0$289,692$0
Funding fee$0$0$0
Note rate4.740%4.740%7.400%
Blended rate5.590%7.328%7.640%
1st payment$575.81$575.81$2,492.56
2nd payment$0.00$1,870.93$0.00
Taxes / mo$188.08$188.08$188.08
Insurance / mo$150.00$150.00$150.00
MI / mo$78.28$78.28$72.00
HOA / mo$99.00$99.00$99.00
Total monthly$1,091.17$2,962.10$3,001.64
Cash to close$329,692$40,000$40,000