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$25,802$25,802$382,500
Remaining term (yrs)2.82.830.0
Secondary amount$0$356,698$0
Funding fee$0$0$0
Note rate6.450%6.450%7.400%
Blended rate7.300%7.720%7.640%
1st payment$810.70$810.70$2,648.35
2nd payment$0.00$2,303.67$0.00
Taxes / mo$171.67$171.67$171.67
Insurance / mo$150.00$150.00$150.00
MI / mo$91.33$91.33$76.50
HOA / mo$128.00$128.00$128.00
Total monthly$1,351.70$3,655.37$3,174.52
Cash to close$399,198$42,500$42,500