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$526,554$526,554$585,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$58,446$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.317%7.640%
1st payment$3,390.05$3,390.05$4,050.42
2nd payment$0.00$438.34$0.00
Taxes / mo$90.50$90.50$90.50
Insurance / mo$166.67$166.67$166.67
MI / mo$243.79$243.79$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,891.00$4,329.35$4,424.59
Cash to close$123,446$65,000$65,000