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$465,424$465,424$495,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$29,576$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.411%7.640%
1st payment$3,060.02$3,060.02$3,427.28
2nd payment$0.00$221.82$0.00
Taxes / mo$210.92$210.92$210.92
Insurance / mo$166.67$166.67$166.67
MI / mo$216.02$216.02$99.00
HOA / mo$36.67$36.67$36.67
Total monthly$3,690.28$3,912.11$3,940.53
Cash to close$84,576$55,000$55,000