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$516,594$516,594$538,200
Remaining term (yrs)27.527.530.0
Secondary amount$0$51,506$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.778%7.640%
1st payment$3,463.70$3,463.70$3,726.39
2nd payment$0.00$509.69$0.00
Taxes / mo$239.83$239.83$239.83
Insurance / mo$166.67$166.67$166.67
MI / mo$243.02$243.02$107.64
HOA / mo$63.33$63.33$63.33
Total monthly$4,176.54$4,686.24$4,303.86
Cash to close$81,406$29,900$59,800