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$71,785$71,785$359,910
Remaining term (yrs)17.917.930.0
Secondary amount$0$288,125$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%7.200%7.640%
1st payment$471.96$471.96$2,491.94
2nd payment$0.00$1,860.80$0.00
Taxes / mo$131.25$131.25$131.25
Insurance / mo$150.00$150.00$150.00
MI / mo$68.85$68.85$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$822.06$2,682.86$2,845.18
Cash to close$328,115$39,990$39,990