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$436,588$436,588$459,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$47,912$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.725%7.640%
1st payment$2,856.26$2,856.26$3,178.02
2nd payment$0.00$474.13$0.00
Taxes / mo$82.58$82.58$82.58
Insurance / mo$166.67$166.67$166.67
MI / mo$202.46$202.46$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,307.97$3,782.10$3,519.07
Cash to close$73,412$25,500$51,000