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$475,267$475,267$535,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$60,233$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.518%7.640%
1st payment$3,177.50$3,177.50$3,707.69
2nd payment$0.00$451.75$0.00
Taxes / mo$206.75$206.75$206.75
Insurance / mo$166.67$166.67$166.67
MI / mo$223.85$223.85$107.10
HOA / mo$680.67$680.67$680.67
Total monthly$4,455.44$4,907.18$4,868.88
Cash to close$119,733$59,500$59,500