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$5,659$5,659$244,350
Remaining term (yrs)14.114.130.0
Secondary amount$0$238,691$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.070%7.711%7.640%
1st payment$47.87$47.87$1,691.83
2nd payment$0.00$1,541.55$0.00
Taxes / mo$144.83$144.83$144.83
Insurance / mo$150.00$150.00$150.00
MI / mo$2.68$2.68$48.87
HOA / mo$88.00$88.00$88.00
Total monthly$433.38$1,974.93$2,123.53
Cash to close$265,841$27,150$27,150