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$153,360$153,360$531,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$377,640$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.430%7.658%7.640%
1st payment$1,021.37$1,021.37$3,676.54
2nd payment$0.00$2,438.92$0.00
Taxes / mo$185.08$185.08$185.08
Insurance / mo$166.67$166.67$166.67
MI / mo$113.51$113.51$106.20
HOA / mo$64.75$64.75$64.75
Total monthly$1,551.39$3,990.31$4,199.24
Cash to close$436,640$59,000$59,000