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$518,945$518,945$517,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$27,305$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.453%7.640%
1st payment$3,470.08$3,470.08$3,583.07
2nd payment$0.00$270.20$0.00
Taxes / mo$335.92$335.92$335.92
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$103.50
HOA / mo$130.00$130.00$130.00
Total monthly$4,349.90$4,620.10$4,319.15
Cash to close$56,055$28,750$57,500