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$521,930$521,930$674,991
Remaining term (yrs)29.329.330.0
Secondary amount$0$153,061$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.265%7.640%
1st payment$3,320.31$3,320.31$4,673.50
2nd payment$0.00$1,020.40$0.00
Taxes / mo$302.67$302.67$302.67
Insurance / mo$216.67$216.67$216.67
MI / mo$240.77$240.77$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,080.41$5,100.81$5,327.83
Cash to close$228,060$74,999$74,999