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$419,210$419,210$553,050
Remaining term (yrs)28.528.530.0
Secondary amount$0$133,840$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.550%2.353%7.640%
1st payment$1,164.47$1,164.47$3,829.21
2nd payment$0.00$892.27$0.00
Taxes / mo$137.42$137.42$137.42
Insurance / mo$166.67$166.67$166.67
MI / mo$192.14$192.14$110.61
HOA / mo$50.00$50.00$50.00
Total monthly$1,710.69$2,602.96$4,293.90
Cash to close$195,290$61,450$61,450