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$7,673$7,673$449,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$442,237$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.743%7.640%
1st payment$51.94$51.94$3,115.09
2nd payment$0.00$2,856.11$0.00
Taxes / mo$137.42$137.42$137.42
Insurance / mo$166.67$166.67$166.67
MI / mo$3.57$3.57$89.98
HOA / mo$51.00$51.00$51.00
Total monthly$410.60$3,266.71$3,560.15
Cash to close$492,227$49,990$49,990