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$11,590$11,590$337,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$325,910$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.738%7.640%
1st payment$80.74$80.74$2,336.78
2nd payment$0.00$2,104.83$0.00
Taxes / mo$67.75$67.75$67.75
Insurance / mo$150.00$150.00$150.00
MI / mo$5.39$5.39$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$303.88$2,408.71$2,622.03
Cash to close$363,410$37,500$37,500