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$55,249$55,249$359,100
Remaining term (yrs)15.715.730.0
Secondary amount$0$303,851$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%7.270%7.640%
1st payment$386.87$386.87$2,486.34
2nd payment$0.00$1,962.37$0.00
Taxes / mo$94.50$94.50$94.50
Insurance / mo$150.00$150.00$150.00
MI / mo$58.96$58.96$71.82
HOA / mo$97.00$97.00$97.00
Total monthly$787.33$2,749.70$2,899.66
Cash to close$343,751$39,900$39,900