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$534,952$534,952$539,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$34,953$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.552%7.640%
1st payment$3,496.50$3,496.50$3,738.23
2nd payment$0.00$345.89$0.00
Taxes / mo$144.92$144.92$144.92
Insurance / mo$166.67$166.67$166.67
MI / mo$247.84$247.84$107.98
HOA / mo$31.33$31.33$31.33
Total monthly$4,087.26$4,433.15$4,189.12
Cash to close$64,948$29,995$59,990