Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$394,806$394,806$1,215,000
Remaining term (yrs)0.50.530.0
Secondary amount$0$820,194$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.660%7.396%7.640%
1st payment$50,488.24$50,488.24$8,412.41
2nd payment$0.00$5,297.08$0.00
Taxes / mo$535.17$535.17$535.17
Insurance / mo$216.67$216.67$216.67
MI / mo$268.71$268.71$243.00
HOA / mo$261.00$261.00$261.00
Total monthly$51,769.79$57,066.87$9,668.25
Cash to close$955,194$135,000$135,000