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$468,173$468,173$477,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$35,327$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.649%7.640%
1st payment$3,153.32$3,153.32$3,302.65
2nd payment$0.00$349.59$0.00
Taxes / mo$159.50$159.50$159.50
Insurance / mo$166.67$166.67$166.67
MI / mo$222.15$222.15$95.40
HOA / mo$161.00$161.00$161.00
Total monthly$3,862.64$4,212.22$3,885.22
Cash to close$61,827$26,500$53,000