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$392,469$392,469$427,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$35,031$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.485%7.640%
1st payment$2,345.88$2,345.88$2,959.92
2nd payment$0.00$262.73$0.00
Taxes / mo$125.00$125.00$125.00
Insurance / mo$166.67$166.67$166.67
MI / mo$295.59$295.59$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,933.14$3,195.87$3,337.09
Cash to close$82,531$47,500$47,500