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$396,943$396,943$422,541
Remaining term (yrs)29.729.730.0
Secondary amount$0$25,598$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.168%7.640%
1st payment$2,513.51$2,513.51$2,925.59
2nd payment$0.00$191.98$0.00
Taxes / mo$16.67$16.67$16.67
Insurance / mo$166.67$166.67$166.67
MI / mo$182.26$182.26$84.51
HOA / mo$85.00$85.00$85.00
Total monthly$2,964.10$3,156.09$3,278.43
Cash to close$72,547$46,949$46,949