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$468,635$468,635$742,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$273,865$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.207%7.640%
1st payment$3,035.18$3,035.18$5,140.92
2nd payment$0.00$1,768.71$0.00
Taxes / mo$172.83$172.83$172.83
Insurance / mo$216.67$216.67$216.67
MI / mo$223.80$223.80$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,648.48$5,417.19$5,678.92
Cash to close$356,365$82,500$82,500