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$497,124$497,124$517,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$49,126$0
Funding fee$0$0$0
Note rate6.360%6.360%7.400%
Blended rate7.210%7.630%7.640%
1st payment$3,241.52$3,241.52$3,583.07
2nd payment$0.00$486.15$0.00
Taxes / mo$145.33$145.33$145.33
Insurance / mo$166.67$166.67$166.67
MI / mo$368.62$368.62$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,922.13$4,408.28$3,998.57
Cash to close$77,876$28,750$57,500