Sophia Sommer

(602) 512-9825
The Sommer Group
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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$429,432$429,432$439,200
Remaining term (yrs)27.427.430.0
Secondary amount$0$34,168$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.628%7.640%
1st payment$2,862.89$2,862.89$3,040.93
2nd payment$0.00$338.12$0.00
Taxes / mo$96.67$96.67$96.67
Insurance / mo$166.67$166.67$166.67
MI / mo$202.51$202.51$87.84
HOA / mo$0.00$0.00$0.00
Total monthly$3,328.74$3,666.86$3,392.11
Cash to close$58,568$24,400$48,800