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$20,096$20,096$319,410
Remaining term (yrs)29.529.530.0
Secondary amount$0$299,314$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.660%7.681%7.640%
1st payment$122.39$122.39$2,211.53
2nd payment$0.00$1,933.07$0.00
Taxes / mo$113.67$113.67$113.67
Insurance / mo$150.00$150.00$150.00
MI / mo$9.25$9.25$63.88
HOA / mo$0.00$0.00$0.00
Total monthly$395.30$2,328.37$2,539.08
Cash to close$334,804$35,490$35,490