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$428,239$428,239$512,550
Remaining term (yrs)26.526.530.0
Secondary amount$0$84,311$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.312%7.640%
1st payment$2,804.57$2,804.57$3,548.79
2nd payment$0.00$632.33$0.00
Taxes / mo$209.08$209.08$209.08
Insurance / mo$166.67$166.67$166.67
MI / mo$204.86$204.86$102.51
HOA / mo$81.00$81.00$81.00
Total monthly$3,466.18$4,098.51$4,108.05
Cash to close$141,261$56,950$56,950