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$163,367$163,367$656,100
Remaining term (yrs)12.912.930.0
Secondary amount$0$492,733$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%7.339%7.640%
1st payment$1,447.13$1,447.13$4,542.70
2nd payment$0.00$3,182.24$0.00
Taxes / mo$265.75$265.75$265.75
Insurance / mo$216.67$216.67$216.67
MI / mo$185.63$185.63$131.22
HOA / mo$143.00$143.00$143.00
Total monthly$2,258.17$5,440.41$5,299.34
Cash to close$565,633$72,900$72,900