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$40,024$40,024$458,010
Remaining term (yrs)4.54.530.0
Secondary amount$0$417,986$0
Funding fee$0$0$0
Note rate7.120%7.120%7.400%
Blended rate7.970%7.769%7.640%
1st payment$855.03$855.03$3,171.17
2nd payment$0.00$2,699.49$0.00
Taxes / mo$78.67$78.67$78.67
Insurance / mo$166.67$166.67$166.67
MI / mo$89.94$89.94$91.60
HOA / mo$96.00$96.00$96.00
Total monthly$1,286.31$3,985.80$3,604.10
Cash to close$468,876$50,890$50,890