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$11,218$11,218$359,910
Remaining term (yrs)38.738.730.0
Secondary amount$0$348,692$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.736%7.640%
1st payment$68.17$68.17$2,491.94
2nd payment$0.00$2,251.97$0.00
Taxes / mo$184.25$184.25$184.25
Insurance / mo$150.00$150.00$150.00
MI / mo$5.17$5.17$71.98
HOA / mo$38.00$38.00$38.00
Total monthly$445.59$2,697.56$2,936.18
Cash to close$388,682$39,990$39,990