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$440,846$440,846$495,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$54,154$0
Funding fee$0$0$0
Note rate6.360%6.360%7.400%
Blended rate7.210%7.406%7.640%
1st payment$2,874.55$2,874.55$3,427.28
2nd payment$0.00$406.16$0.00
Taxes / mo$159.17$159.17$159.17
Insurance / mo$166.67$166.67$166.67
MI / mo$326.89$326.89$99.00
HOA / mo$50.00$50.00$50.00
Total monthly$3,577.27$3,983.43$3,902.11
Cash to close$109,154$55,000$55,000