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$391,653$391,653$1,980,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$1,588,347$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.667%7.640%
1st payment$2,618.48$2,618.48$13,709.12
2nd payment$0.00$10,258.08$0.00
Taxes / mo$109.44$109.44$109.44
Insurance / mo$216.67$216.67$216.67
MI / mo$184.47$184.47$396.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,129.05$13,387.13$14,431.23
Cash to close$1,808,347$220,000$220,000