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$428,581$428,581$463,499
Remaining term (yrs)23.823.830.0
Secondary amount$0$34,918$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%4.386%7.640%
1st payment$2,129.90$2,129.90$3,209.17
2nd payment$0.00$261.89$0.00
Taxes / mo$142.25$142.25$142.25
Insurance / mo$166.67$166.67$166.67
MI / mo$350.63$350.63$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,789.44$3,051.33$3,610.79
Cash to close$86,418$51,500$51,500