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$157,407$157,407$485,910
Remaining term (yrs)11.611.630.0
Secondary amount$0$328,503$0
Funding fee$0$0$0
Note rate5.880%5.880%7.400%
Blended rate6.730%7.420%7.640%
1st payment$1,548.70$1,548.70$3,364.34
2nd payment$0.00$2,121.58$0.00
Taxes / mo$205.58$205.58$205.58
Insurance / mo$166.67$166.67$166.67
MI / mo$185.35$185.35$97.18
HOA / mo$105.00$105.00$105.00
Total monthly$2,211.29$4,332.87$3,938.77
Cash to close$382,493$53,990$53,990