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$48,732$48,732$450,000
Remaining term (yrs)16.616.630.0
Secondary amount$0$401,268$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%7.388%7.640%
1st payment$322.22$322.22$3,115.71
2nd payment$0.00$2,591.52$0.00
Taxes / mo$109.17$109.17$109.17
Insurance / mo$166.67$166.67$166.67
MI / mo$50.45$50.45$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$648.51$3,240.03$3,481.54
Cash to close$451,268$50,000$50,000