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$456,286$456,286$468,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$37,714$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.705%7.640%
1st payment$3,082.10$3,082.10$3,240.34
2nd payment$0.00$373.21$0.00
Taxes / mo$157.33$157.33$157.33
Insurance / mo$166.67$166.67$166.67
MI / mo$216.46$216.46$93.60
HOA / mo$22.33$22.33$22.33
Total monthly$3,644.90$4,018.11$3,680.27
Cash to close$63,714$26,000$52,000