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$42,657$42,657$319,500
Remaining term (yrs)6.76.730.0
Secondary amount$0$276,843$0
Funding fee$0$0$0
Note rate5.700%5.700%7.400%
Blended rate6.550%7.590%7.640%
1st payment$629.29$629.29$2,212.15
2nd payment$0.00$1,787.95$0.00
Taxes / mo$118.83$118.83$118.83
Insurance / mo$150.00$150.00$150.00
MI / mo$76.80$76.80$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$974.93$2,762.87$2,544.89
Cash to close$312,343$35,500$35,500