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$13,544$13,544$467,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$454,366$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.741%7.640%
1st payment$92.68$92.68$3,239.71
2nd payment$0.00$2,934.44$0.00
Taxes / mo$124.25$124.25$124.25
Insurance / mo$166.67$166.67$166.67
MI / mo$6.38$6.38$93.58
HOA / mo$0.00$0.00$0.00
Total monthly$389.98$3,324.42$3,624.21
Cash to close$506,356$51,990$51,990