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$46,225$46,225$398,250
Remaining term (yrs)25.725.730.0
Secondary amount$0$352,025$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.711%7.640%
1st payment$318.69$318.69$2,757.40
2nd payment$0.00$2,273.50$0.00
Taxes / mo$157.58$157.58$157.58
Insurance / mo$150.00$150.00$150.00
MI / mo$21.52$21.52$79.65
HOA / mo$146.00$146.00$146.00
Total monthly$793.79$3,067.29$3,290.64
Cash to close$396,275$44,250$44,250