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$421,058$421,058$494,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$73,042$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.665%7.640%
1st payment$2,516.77$2,516.77$3,421.05
2nd payment$0.00$547.81$0.00
Taxes / mo$123.42$123.42$123.42
Insurance / mo$166.67$166.67$166.67
MI / mo$317.12$317.12$98.82
HOA / mo$370.00$370.00$370.00
Total monthly$3,493.97$4,041.78$4,179.95
Cash to close$127,942$54,900$54,900