Sophia Sommer

(602) 512-9825
The Sommer Group
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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$432,076$432,076$445,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$38,174$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.221%7.640%
1st payment$2,783.33$2,783.33$3,084.55
2nd payment$0.00$377.76$0.00
Taxes / mo$140.33$140.33$140.33
Insurance / mo$166.67$166.67$166.67
MI / mo$206.97$206.97$89.10
HOA / mo$82.00$82.00$82.00
Total monthly$3,379.29$3,757.06$3,562.65
Cash to close$62,924$24,750$49,500