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$485,365$485,365$580,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$95,135$0
Funding fee$0$0$0
Note rate7.440%7.440%7.400%
Blended rate7.990%8.406%7.640%
1st payment$3,465.65$3,465.65$4,019.26
2nd payment$0.00$713.51$0.00
Taxes / mo$241.67$241.67$241.67
Insurance / mo$166.67$166.67$166.67
MI / mo$353.16$353.16$116.10
HOA / mo$60.00$60.00$60.00
Total monthly$4,287.14$5,000.65$4,603.70
Cash to close$159,635$64,500$64,500