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$512,167$512,167$683,991
Remaining term (yrs)26.226.230.0
Secondary amount$0$171,824$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.660%7.745%7.640%
1st payment$3,490.33$3,490.33$4,735.82
2nd payment$0.00$1,145.49$0.00
Taxes / mo$317.75$317.75$317.75
Insurance / mo$216.67$216.67$216.67
MI / mo$378.85$378.85$136.80
HOA / mo$91.00$91.00$91.00
Total monthly$4,494.59$5,640.08$5,498.03
Cash to close$247,823$75,999$75,999