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$501,306$501,306$593,910
Remaining term (yrs)28.128.130.0
Secondary amount$0$92,604$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.514%7.640%
1st payment$3,295.26$3,295.26$4,112.11
2nd payment$0.00$694.53$0.00
Taxes / mo$181.25$181.25$181.25
Insurance / mo$166.67$166.67$166.67
MI / mo$234.30$234.30$118.78
HOA / mo$129.00$129.00$129.00
Total monthly$4,006.47$4,701.00$4,707.81
Cash to close$158,594$65,990$65,990