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$15,938$15,938$387,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$371,062$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.736%7.640%
1st payment$108.66$108.66$2,679.51
2nd payment$0.00$2,396.44$0.00
Taxes / mo$120.33$120.33$120.33
Insurance / mo$150.00$150.00$150.00
MI / mo$7.44$7.44$77.40
HOA / mo$106.00$106.00$106.00
Total monthly$492.43$2,888.87$3,133.24
Cash to close$414,062$43,000$43,000