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$397,105$397,105$449,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$52,805$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.349%7.640%
1st payment$2,561.54$2,561.54$3,115.09
2nd payment$0.00$396.03$0.00
Taxes / mo$201.08$201.08$201.08
Insurance / mo$166.67$166.67$166.67
MI / mo$184.21$184.21$89.98
HOA / mo$103.33$103.33$103.33
Total monthly$3,216.83$3,612.86$3,676.15
Cash to close$102,795$49,990$49,990