Sophia Sommer

(602) 512-9825
The Sommer Group
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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$447,369$447,369$476,100
Remaining term (yrs)28.528.530.0
Secondary amount$0$28,731$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.412%7.640%
1st payment$2,949.69$2,949.69$3,296.42
2nd payment$0.00$215.48$0.00
Taxes / mo$143.75$143.75$143.75
Insurance / mo$166.67$166.67$166.67
MI / mo$208.23$208.23$95.22
HOA / mo$59.33$59.33$59.33
Total monthly$3,527.66$3,743.14$3,761.39
Cash to close$81,631$52,900$52,900