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$418,620$418,620$441,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$46,880$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.439%7.640%
1st payment$2,406.60$2,406.60$3,053.39
2nd payment$0.00$463.92$0.00
Taxes / mo$187.92$187.92$187.92
Insurance / mo$166.67$166.67$166.67
MI / mo$318.27$318.27$88.20
HOA / mo$132.00$132.00$132.00
Total monthly$3,211.46$3,675.38$3,628.18
Cash to close$71,380$24,500$49,000