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$155,001$155,001$486,000
Remaining term (yrs)15.015.030.0
Secondary amount$0$330,999$0
Funding fee$0$0$0
Note rate4.270%4.270%7.400%
Blended rate5.120%6.911%7.640%
1st payment$1,163.00$1,163.00$3,364.97
2nd payment$0.00$2,137.70$0.00
Taxes / mo$250.58$250.58$250.58
Insurance / mo$166.67$166.67$166.67
MI / mo$167.06$167.06$97.20
HOA / mo$80.00$80.00$80.00
Total monthly$1,827.31$3,965.01$3,959.42
Cash to close$384,999$54,000$54,000