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$405,628$405,628$422,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$39,922$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.300%5.889%7.640%
1st payment$2,143.40$2,143.40$2,922.54
2nd payment$0.00$395.06$0.00
Taxes / mo$181.75$181.75$181.75
Insurance / mo$166.67$166.67$166.67
MI / mo$188.33$188.33$84.42
HOA / mo$152.00$152.00$152.00
Total monthly$2,832.14$3,227.20$3,507.37
Cash to close$63,372$23,450$46,900