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$16,199$16,199$314,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$298,711$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.731%7.640%
1st payment$112.28$112.28$2,180.37
2nd payment$0.00$1,929.18$0.00
Taxes / mo$179.08$179.08$179.08
Insurance / mo$150.00$150.00$150.00
MI / mo$7.60$7.60$62.98
HOA / mo$95.00$95.00$95.00
Total monthly$543.96$2,473.14$2,667.44
Cash to close$333,701$34,990$34,990