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$442,920$442,920$603,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$160,080$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.478%7.640%
1st payment$2,900.80$2,900.80$4,175.05
2nd payment$0.00$1,067.20$0.00
Taxes / mo$245.83$245.83$245.83
Insurance / mo$166.67$166.67$166.67
MI / mo$205.20$205.20$120.60
HOA / mo$12.00$12.00$12.00
Total monthly$3,530.49$4,597.70$4,720.15
Cash to close$227,080$67,000$67,000