Sophia Sommer

(602) 512-9825
The Sommer Group
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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$15,693$15,693$346,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$330,807$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.718%7.640%
1st payment$104.12$104.12$2,399.10
2nd payment$0.00$2,136.46$0.00
Taxes / mo$183.58$183.58$183.58
Insurance / mo$150.00$150.00$150.00
MI / mo$7.38$7.38$69.30
HOA / mo$38.00$38.00$38.00
Total monthly$483.08$2,619.55$2,839.98
Cash to close$369,307$38,500$38,500