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$69,687$69,687$593,100
Remaining term (yrs)5.05.030.0
Secondary amount$0$523,413$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.710%7.745%7.640%
1st payment$1,338.09$1,338.09$4,106.50
2nd payment$0.00$3,380.38$0.00
Taxes / mo$295.67$295.67$295.67
Insurance / mo$166.67$166.67$166.67
MI / mo$144.50$144.50$118.62
HOA / mo$25.50$25.50$25.50
Total monthly$1,970.42$5,350.80$4,712.96
Cash to close$589,313$65,900$65,900