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$508,910$508,910$526,050
Remaining term (yrs)28.028.030.0
Secondary amount$0$46,365$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.453%7.640%
1st payment$3,289.28$3,289.28$3,642.26
2nd payment$0.00$458.82$0.00
Taxes / mo$196.75$196.75$196.75
Insurance / mo$166.67$166.67$166.67
MI / mo$238.52$238.52$105.21
HOA / mo$37.50$37.50$37.50
Total monthly$3,928.72$4,387.54$4,148.39
Cash to close$75,590$29,225$58,450