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$63,570$63,570$296,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$233,340$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.666%7.640%
1st payment$419.66$419.66$2,055.74
2nd payment$0.00$1,506.99$0.00
Taxes / mo$76.58$76.58$76.58
Insurance / mo$150.00$150.00$150.00
MI / mo$29.47$29.47$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$675.71$2,182.70$2,341.71
Cash to close$266,330$32,990$32,990