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$457,851$457,851$697,500
Remaining term (yrs)18.118.130.0
Secondary amount$0$239,649$0
Funding fee$0$0$0
Note rate4.110%4.110%7.400%
Blended rate4.960%5.919%7.640%
1st payment$2,975.24$2,975.24$4,829.35
2nd payment$0.00$1,547.73$0.00
Taxes / mo$199.50$199.50$199.50
Insurance / mo$216.67$216.67$216.67
MI / mo$435.63$435.63$139.50
HOA / mo$367.00$367.00$367.00
Total monthly$4,194.03$5,741.77$5,752.02
Cash to close$317,149$77,500$77,500