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$1,102$1,102$319,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$318,398$0
Funding fee$0$0$0
Note rate8.160%8.160%7.400%
Blended rate9.010%7.754%7.640%
1st payment$556.80$556.80$2,212.15
2nd payment$0.00$2,056.32$0.00
Taxes / mo$110.42$110.42$110.42
Insurance / mo$150.00$150.00$150.00
MI / mo$52.94$52.94$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$870.16$2,926.48$2,536.47
Cash to close$353,898$35,500$35,500