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$433,611$433,611$477,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$43,389$0
Funding fee$0$0$0
Note rate6.750%6.750%7.400%
Blended rate7.300%7.455%7.640%
1st payment$2,837.45$2,837.45$3,302.65
2nd payment$0.00$325.42$0.00
Taxes / mo$168.75$168.75$168.75
Insurance / mo$166.67$166.67$166.67
MI / mo$200.51$200.51$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,373.37$3,698.79$3,733.47
Cash to close$96,389$53,000$53,000