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$227,033$227,033$499,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$272,467$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.432%7.640%
1st payment$1,447.04$1,447.04$3,458.44
2nd payment$0.00$1,759.68$0.00
Taxes / mo$152.17$152.17$152.17
Insurance / mo$166.67$166.67$166.67
MI / mo$104.93$104.93$99.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,870.80$3,630.48$3,877.17
Cash to close$327,967$55,500$55,500