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$162,211$162,211$398,700
Remaining term (yrs)26.626.630.0
Secondary amount$0$236,489$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.437%7.640%
1st payment$1,059.83$1,059.83$2,760.52
2nd payment$0.00$1,527.32$0.00
Taxes / mo$141.42$141.42$141.42
Insurance / mo$150.00$150.00$150.00
MI / mo$77.41$77.41$79.74
HOA / mo$0.00$0.00$0.00
Total monthly$1,428.66$2,955.99$3,131.67
Cash to close$280,789$44,300$44,300