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$47,825$47,825$341,100
Remaining term (yrs)14.814.830.0
Secondary amount$0$293,275$0
Funding fee$0$0$0
Note rate4.600%4.600%7.400%
Blended rate5.450%7.428%7.640%
1st payment$369.74$369.74$2,361.71
2nd payment$0.00$1,894.07$0.00
Taxes / mo$120.67$120.67$120.67
Insurance / mo$150.00$150.00$150.00
MI / mo$51.09$51.09$68.22
HOA / mo$17.33$17.33$17.33
Total monthly$708.82$2,602.89$2,717.92
Cash to close$331,175$37,900$37,900