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$51,167$51,167$256,410
Remaining term (yrs)12.312.330.0
Secondary amount$0$205,243$0
Funding fee$0$0$0
Note rate5.530%5.530%7.400%
Blended rate6.380%7.477%7.640%
1st payment$475.45$475.45$1,775.33
2nd payment$0.00$1,325.53$0.00
Taxes / mo$166.75$166.75$166.75
Insurance / mo$150.00$150.00$150.00
MI / mo$59.12$59.12$51.28
HOA / mo$74.67$74.67$74.67
Total monthly$925.99$2,251.51$2,218.03
Cash to close$233,733$28,490$28,490