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$416,688$416,688$432,900
Remaining term (yrs)26.526.530.0
Secondary amount$0$40,262$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.265%7.640%
1st payment$2,686.82$2,686.82$2,997.31
2nd payment$0.00$398.43$0.00
Taxes / mo$210.00$210.00$210.00
Insurance / mo$166.67$166.67$166.67
MI / mo$199.58$199.58$86.58
HOA / mo$84.00$84.00$84.00
Total monthly$3,347.07$3,745.50$3,544.56
Cash to close$64,312$24,050$48,100