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$999,360$999,360$1,161,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$161,640$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%4.583%7.640%
1st payment$4,953.90$4,953.90$8,038.53
2nd payment$0.00$1,077.60$0.00
Taxes / mo$438.42$438.42$438.42
Insurance / mo$216.67$216.67$216.67
MI / mo$813.45$813.45$232.20
HOA / mo$227.58$227.58$227.58
Total monthly$6,650.01$7,727.61$9,153.39
Cash to close$290,640$129,000$129,000