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$564,215$564,215$648,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$83,785$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%5.387%7.640%
1st payment$3,165.26$3,165.26$4,486.62
2nd payment$0.00$628.39$0.00
Taxes / mo$369.25$369.25$369.25
Insurance / mo$216.67$216.67$216.67
MI / mo$469.63$469.63$129.60
HOA / mo$177.33$177.33$177.33
Total monthly$4,398.14$5,026.52$5,379.47
Cash to close$155,785$72,000$72,000