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$10,149$10,149$531,000
Remaining term (yrs)5.05.030.0
Secondary amount$0$520,851$0
Funding fee$0$0$0
Note rate6.910%6.910%7.400%
Blended rate7.760%7.750%7.640%
1st payment$197.78$197.78$3,676.54
2nd payment$0.00$3,363.83$0.00
Taxes / mo$93.92$93.92$93.92
Insurance / mo$166.67$166.67$166.67
MI / mo$21.25$21.25$106.20
HOA / mo$0.00$0.00$0.00
Total monthly$479.61$3,843.44$4,043.32
Cash to close$579,851$59,000$59,000