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$50,847$50,847$345,510
Remaining term (yrs)13.813.830.0
Secondary amount$0$294,663$0
Funding fee$0$0$0
Note rate4.740%4.740%7.400%
Blended rate5.590%7.432%7.640%
1st payment$416.43$416.43$2,392.24
2nd payment$0.00$1,903.03$0.00
Taxes / mo$97.50$97.50$97.50
Insurance / mo$150.00$150.00$150.00
MI / mo$56.61$56.61$69.10
HOA / mo$86.33$86.33$86.33
Total monthly$806.88$2,709.91$2,795.17
Cash to close$333,053$38,390$38,390