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$490,592$490,592$616,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$125,908$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.160%7.332%7.640%
1st payment$3,232.86$3,232.86$4,268.52
2nd payment$0.00$839.39$0.00
Taxes / mo$166.42$166.42$166.42
Insurance / mo$166.67$166.67$166.67
MI / mo$231.77$231.77$123.30
HOA / mo$60.00$60.00$60.00
Total monthly$3,857.71$4,697.10$4,784.90
Cash to close$194,408$68,500$68,500