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$10,267$10,267$328,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$318,233$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.737%7.640%
1st payment$73.59$73.59$2,274.47
2nd payment$0.00$2,055.25$0.00
Taxes / mo$185.08$185.08$185.08
Insurance / mo$150.00$150.00$150.00
MI / mo$4.80$4.80$65.70
HOA / mo$108.00$108.00$108.00
Total monthly$521.47$2,576.72$2,783.25
Cash to close$354,733$36,500$36,500