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$88,005$88,005$458,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$370,095$0
Funding fee$0$0$0
Note rate4.620%4.620%7.400%
Blended rate5.170%7.254%7.640%
1st payment$460.09$460.09$3,171.79
2nd payment$0.00$2,390.20$0.00
Taxes / mo$34.83$34.83$34.83
Insurance / mo$166.67$166.67$166.67
MI / mo$41.04$41.04$91.62
HOA / mo$158.00$158.00$158.00
Total monthly$860.63$3,250.83$3,622.91
Cash to close$420,995$50,900$50,900