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$520,245$520,245$575,899
Remaining term (yrs)26.826.830.0
Secondary amount$0$55,654$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.428%7.640%
1st payment$3,484.38$3,484.38$3,987.41
2nd payment$0.00$417.40$0.00
Taxes / mo$302.75$302.75$302.75
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$115.18
HOA / mo$66.67$66.67$66.67
Total monthly$4,267.71$4,685.11$4,638.68
Cash to close$119,643$63,989$63,989