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$517,706$517,706$530,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$41,844$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.263%7.640%
1st payment$3,352.98$3,352.98$3,670.31
2nd payment$0.00$414.08$0.00
Taxes / mo$152.42$152.42$152.42
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$106.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,919.30$4,333.39$4,095.41
Cash to close$71,294$29,450$58,900