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$384,380$384,380$476,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$92,530$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%5.792%7.640%
1st payment$2,034.74$2,034.74$3,302.03
2nd payment$0.00$693.97$0.00
Taxes / mo$156.92$156.92$156.92
Insurance / mo$166.67$166.67$166.67
MI / mo$295.79$295.79$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,654.11$3,348.08$3,720.99
Cash to close$145,520$52,990$52,990