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$527,041$527,041$809,999
Remaining term (yrs)27.727.730.0
Secondary amount$0$282,958$0
Funding fee$0$0$0
Note rate7.060%7.060%7.400%
Blended rate7.610%7.659%7.640%
1st payment$3,609.57$3,609.57$5,608.27
2nd payment$0.00$1,827.43$0.00
Taxes / mo$157.92$157.92$157.92
Insurance / mo$216.67$216.67$216.67
MI / mo$247.17$247.17$162.00
HOA / mo$30.67$30.67$30.67
Total monthly$4,261.99$6,089.42$6,175.52
Cash to close$372,958$90,000$90,000