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$408,637$408,637$484,380
Remaining term (yrs)25.725.730.0
Secondary amount$0$75,743$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.537%7.640%
1st payment$2,405.82$2,405.82$3,353.75
2nd payment$0.00$568.07$0.00
Taxes / mo$141.08$141.08$141.08
Insurance / mo$166.67$166.67$166.67
MI / mo$309.30$309.30$96.88
HOA / mo$126.00$126.00$126.00
Total monthly$3,148.87$3,716.94$3,884.38
Cash to close$129,563$53,820$53,820