Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$524,021$524,021$539,999
Remaining term (yrs)27.027.030.0
Secondary amount$0$45,978$0
Funding fee$0$0$0
Note rate7.570%7.570%7.400%
Blended rate8.120%8.423%7.640%
1st payment$3,797.64$3,797.64$3,738.84
2nd payment$0.00$454.99$0.00
Taxes / mo$176.25$176.25$176.25
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$108.00
HOA / mo$123.00$123.00$123.00
Total monthly$4,510.80$4,965.79$4,312.76
Cash to close$75,978$30,000$60,000