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$395,579$395,579$417,600
Remaining term (yrs)29.429.430.0
Secondary amount$0$45,221$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate5.800%6.423%7.640%
1st payment$2,199.71$2,199.71$2,891.38
2nd payment$0.00$447.50$0.00
Taxes / mo$254.83$254.83$254.83
Insurance / mo$166.67$166.67$166.67
MI / mo$182.58$182.58$83.52
HOA / mo$124.00$124.00$124.00
Total monthly$2,927.79$3,375.28$3,520.40
Cash to close$68,421$23,200$46,400