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$441,477$441,477$466,199
Remaining term (yrs)29.029.030.0
Secondary amount$0$50,622$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.367%7.640%
1st payment$2,759.17$2,759.17$3,227.87
2nd payment$0.00$500.95$0.00
Taxes / mo$209.42$209.42$209.42
Insurance / mo$166.67$166.67$166.67
MI / mo$204.31$204.31$93.24
HOA / mo$0.00$0.00$0.00
Total monthly$3,339.56$3,840.51$3,697.19
Cash to close$76,522$25,900$51,800