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$9,158$9,158$386,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$376,942$0
Funding fee$0$0$0
Note rate6.560%6.560%7.400%
Blended rate7.110%7.735%7.640%
1st payment$62.10$62.10$2,673.28
2nd payment$0.00$2,434.42$0.00
Taxes / mo$171.08$171.08$171.08
Insurance / mo$150.00$150.00$150.00
MI / mo$4.26$4.26$77.22
HOA / mo$345.00$345.00$345.00
Total monthly$732.44$3,166.85$3,416.58
Cash to close$419,842$42,900$42,900