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$49,194$49,194$296,999
Remaining term (yrs)7.47.430.0
Secondary amount$0$247,805$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.518%7.640%
1st payment$668.30$668.30$2,056.36
2nd payment$0.00$1,600.41$0.00
Taxes / mo$95.92$95.92$95.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.37$83.37$59.40
HOA / mo$38.00$38.00$38.00
Total monthly$1,035.59$2,636.00$2,399.68
Cash to close$280,805$33,000$33,000