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$2,143$2,143$481,500
Remaining term (yrs)0.10.130.0
Secondary amount$0$479,357$0
Funding fee$0$0$0
Note rate8.060%8.060%7.400%
Blended rate8.910%7.755%7.640%
1st payment$723.93$723.93$3,333.81
2nd payment$0.00$3,095.85$0.00
Taxes / mo$133.17$133.17$133.17
Insurance / mo$166.67$166.67$166.67
MI / mo$69.49$69.49$96.30
HOA / mo$58.67$58.67$58.67
Total monthly$1,151.92$4,247.77$3,788.61
Cash to close$532,857$53,500$53,500