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$11,021$11,021$384,300
Remaining term (yrs)25.325.330.0
Secondary amount$0$373,279$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%7.745%7.640%
1st payment$77.64$77.64$2,660.82
2nd payment$0.00$2,410.76$0.00
Taxes / mo$196.42$196.42$196.42
Insurance / mo$150.00$150.00$150.00
MI / mo$5.22$5.22$76.86
HOA / mo$81.00$81.00$81.00
Total monthly$510.28$2,921.03$3,165.09
Cash to close$415,979$42,700$42,700