Sophia Sommer

(602) 512-9825
The Sommer Group
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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$83,161$83,161$436,500
Remaining term (yrs)13.413.430.0
Secondary amount$0$353,339$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.840%7.386%7.640%
1st payment$706.54$706.54$3,022.24
2nd payment$0.00$2,281.98$0.00
Taxes / mo$102.83$102.83$102.83
Insurance / mo$166.67$166.67$166.67
MI / mo$93.33$93.33$87.30
HOA / mo$25.33$25.33$25.33
Total monthly$1,094.71$3,376.69$3,404.37
Cash to close$401,839$48,500$48,500