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$455,012$455,012$481,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$26,488$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%7.904%7.640%
1st payment$3,209.84$3,209.84$3,333.81
2nd payment$0.00$198.66$0.00
Taxes / mo$142.42$142.42$142.42
Insurance / mo$166.67$166.67$166.67
MI / mo$214.80$214.80$96.30
HOA / mo$120.00$120.00$120.00
Total monthly$3,853.73$4,052.39$3,859.19
Cash to close$79,988$53,500$53,500