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$28,166$28,166$323,100
Remaining term (yrs)22.022.030.0
Secondary amount$0$294,934$0
Funding fee$0$0$0
Note rate5.660%5.660%7.400%
Blended rate6.510%7.642%7.640%
1st payment$186.07$186.07$2,237.08
2nd payment$0.00$1,904.78$0.00
Taxes / mo$207.33$207.33$207.33
Insurance / mo$150.00$150.00$150.00
MI / mo$21.51$21.51$64.62
HOA / mo$125.00$125.00$125.00
Total monthly$689.91$2,594.69$2,784.03
Cash to close$330,834$35,900$35,900