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$421,729$421,729$432,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$34,271$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%6.506%7.640%
1st payment$2,472.86$2,472.86$2,991.08
2nd payment$0.00$339.14$0.00
Taxes / mo$259.67$259.67$259.67
Insurance / mo$166.67$166.67$166.67
MI / mo$318.27$318.27$86.40
HOA / mo$128.33$128.33$128.33
Total monthly$3,345.80$3,684.94$3,632.14
Cash to close$58,271$24,000$48,000