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$422,364$422,364$490,499
Remaining term (yrs)26.026.030.0
Secondary amount$0$68,135$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%6.477%7.640%
1st payment$2,472.86$2,472.86$3,396.12
2nd payment$0.00$511.01$0.00
Taxes / mo$165.25$165.25$165.25
Insurance / mo$166.67$166.67$166.67
MI / mo$318.27$318.27$98.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,123.05$3,634.06$3,826.13
Cash to close$122,635$54,500$54,500