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$399,933$399,933$405,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$27,567$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.483%7.640%
1st payment$2,637.77$2,637.77$2,804.14
2nd payment$0.00$272.80$0.00
Taxes / mo$189.00$189.00$189.00
Insurance / mo$150.00$150.00$150.00
MI / mo$188.71$188.71$81.00
HOA / mo$69.00$69.00$69.00
Total monthly$3,234.49$3,507.29$3,293.14
Cash to close$50,067$22,500$45,000