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$32,807$32,807$333,000
Remaining term (yrs)14.114.130.0
Secondary amount$0$300,193$0
Funding fee$0$0$0
Note rate4.230%4.230%7.400%
Blended rate5.080%7.487%7.640%
1st payment$255.78$255.78$2,305.62
2nd payment$0.00$1,938.75$0.00
Taxes / mo$86.50$86.50$86.50
Insurance / mo$150.00$150.00$150.00
MI / mo$36.92$36.92$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$529.20$2,467.94$2,608.72
Cash to close$337,193$37,000$37,000