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$466,783$466,783$719,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$252,317$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.146%7.640%
1st payment$3,013.52$3,013.52$4,978.90
2nd payment$0.00$1,629.55$0.00
Taxes / mo$165.25$165.25$165.25
Insurance / mo$216.67$216.67$216.67
MI / mo$223.85$223.85$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,619.29$5,248.84$5,504.64
Cash to close$332,217$79,900$79,900