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$74,246$74,246$369,000
Remaining term (yrs)16.016.030.0
Secondary amount$0$294,754$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%7.076%7.640%
1st payment$505.46$505.46$2,554.88
2nd payment$0.00$1,903.62$0.00
Taxes / mo$80.33$80.33$80.33
Insurance / mo$150.00$150.00$150.00
MI / mo$79.24$79.24$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$815.04$2,718.66$2,859.01
Cash to close$335,754$41,000$41,000