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$43,360$43,360$228,600
Remaining term (yrs)15.915.930.0
Secondary amount$0$185,240$0
Funding fee$0$0$0
Note rate3.490%3.490%7.400%
Blended rate4.340%7.306%7.640%
1st payment$295.04$295.04$1,582.78
2nd payment$0.00$1,234.94$0.00
Taxes / mo$37.92$37.92$37.92
Insurance / mo$150.00$150.00$150.00
MI / mo$46.60$46.60$45.72
HOA / mo$0.00$0.00$0.00
Total monthly$529.56$1,764.49$1,816.42
Cash to close$210,640$25,400$25,400