Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$420,409$420,409$440,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$44,996$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.510%7.932%7.640%
1st payment$2,831.27$2,831.27$3,052.77
2nd payment$0.00$445.28$0.00
Taxes / mo$122.33$122.33$122.33
Insurance / mo$166.67$166.67$166.67
MI / mo$312.08$312.08$88.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,432.34$3,877.62$3,429.95
Cash to close$69,491$24,495$48,990