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$469,027$469,027$562,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$93,473$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.241%7.640%
1st payment$3,037.71$3,037.71$3,894.64
2nd payment$0.00$701.05$0.00
Taxes / mo$240.25$240.25$240.25
Insurance / mo$166.67$166.67$166.67
MI / mo$223.99$223.99$112.50
HOA / mo$124.00$124.00$124.00
Total monthly$3,792.62$4,493.67$4,538.05
Cash to close$155,973$62,500$62,500