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$506,566$506,566$517,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$39,684$0
Funding fee$0$0$0
Note rate6.160%6.160%7.400%
Blended rate6.710%7.085%7.640%
1st payment$3,113.91$3,113.91$3,583.07
2nd payment$0.00$392.71$0.00
Taxes / mo$68.58$68.58$68.58
Insurance / mo$166.67$166.67$166.67
MI / mo$234.02$234.02$103.50
HOA / mo$150.00$150.00$150.00
Total monthly$3,733.18$4,125.88$4,071.82
Cash to close$68,434$28,750$57,500