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$477,200$477,200$629,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$152,710$0
Funding fee$0$0$0
Note rate7.220%7.220%7.400%
Blended rate7.770%7.826%7.640%
1st payment$3,321.82$3,321.82$4,361.37
2nd payment$0.00$1,018.07$0.00
Taxes / mo$163.25$163.25$163.25
Insurance / mo$166.67$166.67$166.67
MI / mo$223.85$223.85$125.98
HOA / mo$33.33$33.33$33.33
Total monthly$3,908.91$4,926.98$4,850.60
Cash to close$222,700$69,990$69,990