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$455,196$455,196$535,410
Remaining term (yrs)29.029.030.0
Secondary amount$0$80,214$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.342%7.640%
1st payment$2,904.05$2,904.05$3,707.07
2nd payment$0.00$601.61$0.00
Taxes / mo$149.58$149.58$149.58
Insurance / mo$166.67$166.67$166.67
MI / mo$210.58$210.58$107.08
HOA / mo$0.00$0.00$0.00
Total monthly$3,430.88$4,032.49$4,130.40
Cash to close$139,704$59,490$59,490