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$36,602$36,602$315,000
Remaining term (yrs)14.714.730.0
Secondary amount$0$278,398$0
Funding fee$0$0$0
Note rate4.550%4.550%7.400%
Blended rate5.400%7.477%7.640%
1st payment$283.14$283.14$2,181.00
2nd payment$0.00$1,797.99$0.00
Taxes / mo$77.58$77.58$77.58
Insurance / mo$150.00$150.00$150.00
MI / mo$39.35$39.35$63.00
HOA / mo$105.00$105.00$105.00
Total monthly$655.08$2,453.06$2,576.58
Cash to close$313,398$35,000$35,000