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$514,543$514,543$598,410
Remaining term (yrs)28.228.230.0
Secondary amount$0$83,867$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.564%7.640%
1st payment$3,409.19$3,409.19$4,143.27
2nd payment$0.00$629.00$0.00
Taxes / mo$176.75$176.75$176.75
Insurance / mo$166.67$166.67$166.67
MI / mo$240.17$240.17$119.68
HOA / mo$0.00$0.00$0.00
Total monthly$3,992.78$4,621.78$4,606.37
Cash to close$150,357$66,490$66,490