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$514,115$514,115$585,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$70,885$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.691%7.640%
1st payment$3,522.76$3,522.76$4,050.42
2nd payment$0.00$531.64$0.00
Taxes / mo$181.42$181.42$181.42
Insurance / mo$166.67$166.67$166.67
MI / mo$243.67$243.67$117.00
HOA / mo$150.00$150.00$150.00
Total monthly$4,264.52$4,796.16$4,665.51
Cash to close$135,885$65,000$65,000