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$465,347$465,347$532,800
Remaining term (yrs)26.526.530.0
Secondary amount$0$67,453$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.166%7.640%
1st payment$3,020.42$3,020.42$3,689.00
2nd payment$0.00$505.90$0.00
Taxes / mo$256.08$256.08$256.08
Insurance / mo$166.67$166.67$166.67
MI / mo$222.48$222.48$106.56
HOA / mo$126.00$126.00$126.00
Total monthly$3,791.65$4,297.55$4,344.31
Cash to close$126,653$59,200$59,200