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$488,540$488,540$494,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$33,010$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.646%7.640%
1st payment$3,299.97$3,299.97$3,421.05
2nd payment$0.00$326.66$0.00
Taxes / mo$259.00$259.00$259.00
Insurance / mo$166.67$166.67$166.67
MI / mo$231.77$231.77$98.82
HOA / mo$80.00$80.00$80.00
Total monthly$4,037.41$4,364.07$4,025.54
Cash to close$60,460$27,450$54,900