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$481,486$481,486$512,100
Remaining term (yrs)27.227.230.0
Secondary amount$0$30,614$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.160%7.270%7.640%
1st payment$3,176.29$3,176.29$3,545.68
2nd payment$0.00$229.60$0.00
Taxes / mo$205.25$205.25$205.25
Insurance / mo$166.67$166.67$166.67
MI / mo$227.71$227.71$102.42
HOA / mo$185.00$185.00$185.00
Total monthly$3,960.92$4,190.52$4,205.01
Cash to close$87,514$56,900$56,900