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$10,229$10,229$283,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$273,271$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.733%7.640%
1st payment$68.88$68.88$1,962.90
2nd payment$0.00$1,764.87$0.00
Taxes / mo$155.83$155.83$155.83
Insurance / mo$150.00$150.00$150.00
MI / mo$4.77$4.77$56.70
HOA / mo$66.00$66.00$66.00
Total monthly$445.49$2,210.37$2,391.43
Cash to close$304,771$31,500$31,500