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$519,943$519,943$611,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$91,967$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.589%7.640%
1st payment$3,513.00$3,513.00$4,236.74
2nd payment$0.00$689.75$0.00
Taxes / mo$172.25$172.25$172.25
Insurance / mo$166.67$166.67$166.67
MI / mo$247.23$247.23$122.38
HOA / mo$94.00$94.00$94.00
Total monthly$4,193.15$4,882.91$4,792.04
Cash to close$159,957$67,990$67,990