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$8,138$8,138$310,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$302,362$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.740%7.640%
1st payment$56.76$56.76$2,149.84
2nd payment$0.00$1,952.75$0.00
Taxes / mo$153.17$153.17$153.17
Insurance / mo$150.00$150.00$150.00
MI / mo$3.80$3.80$62.10
HOA / mo$65.33$65.33$65.33
Total monthly$429.05$2,381.80$2,580.44
Cash to close$336,862$34,500$34,500