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$529,466$529,466$989,100
Remaining term (yrs)29.229.230.0
Secondary amount$0$459,634$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.375%7.640%
1st payment$3,371.44$3,371.44$6,848.33
2nd payment$0.00$2,968.47$0.00
Taxes / mo$29.83$29.83$29.83
Insurance / mo$216.67$216.67$216.67
MI / mo$244.47$244.47$197.82
HOA / mo$195.00$195.00$195.00
Total monthly$4,057.41$7,025.88$7,487.65
Cash to close$569,534$109,900$109,900