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$527,190$527,190$539,999
Remaining term (yrs)27.727.730.0
Secondary amount$0$42,809$0
Funding fee$0$0$0
Note rate7.060%7.060%7.400%
Blended rate7.610%7.930%7.640%
1st payment$3,610.58$3,610.58$3,738.84
2nd payment$0.00$423.63$0.00
Taxes / mo$194.08$194.08$194.08
Insurance / mo$166.67$166.67$166.67
MI / mo$247.24$247.24$108.00
HOA / mo$165.00$165.00$165.00
Total monthly$4,383.57$4,807.20$4,372.59
Cash to close$72,809$30,000$60,000