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$496,717$496,717$508,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$40,033$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.447%7.640%
1st payment$3,283.93$3,283.93$3,520.75
2nd payment$0.00$396.16$0.00
Taxes / mo$173.17$173.17$173.17
Insurance / mo$166.67$166.67$166.67
MI / mo$237.14$237.14$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,860.90$4,257.06$3,962.28
Cash to close$68,283$28,250$56,500