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$393,161$393,161$414,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$43,839$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%5.708%7.640%
1st payment$2,081.22$2,081.22$2,866.45
2nd payment$0.00$433.82$0.00
Taxes / mo$85.92$85.92$85.92
Insurance / mo$166.67$166.67$166.67
MI / mo$302.54$302.54$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,636.35$3,070.17$3,201.84
Cash to close$66,839$23,000$46,000