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$113,957$113,957$360,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$246,043$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.668%7.640%
1st payment$773.77$773.77$2,492.57
2nd payment$0.00$1,589.03$0.00
Taxes / mo$111.75$111.75$111.75
Insurance / mo$150.00$150.00$150.00
MI / mo$53.63$53.63$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,089.15$2,678.18$2,826.32
Cash to close$286,043$40,000$40,000