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$64,941$64,941$326,700
Remaining term (yrs)14.514.530.0
Secondary amount$0$261,759$0
Funding fee$0$0$0
Note rate5.050%5.050%7.400%
Blended rate5.900%7.382%7.640%
1st payment$525.11$525.11$2,262.00
2nd payment$0.00$1,690.53$0.00
Taxes / mo$113.83$113.83$113.83
Insurance / mo$150.00$150.00$150.00
MI / mo$68.89$68.89$65.34
HOA / mo$250.00$250.00$250.00
Total monthly$1,107.83$2,798.36$2,841.18
Cash to close$298,059$36,300$36,300