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$435,083$435,083$447,210
Remaining term (yrs)29.529.530.0
Secondary amount$0$36,972$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.170%7.640%
1st payment$2,680.71$2,680.71$3,096.39
2nd payment$0.00$365.87$0.00
Taxes / mo$141.50$141.50$141.50
Insurance / mo$166.67$166.67$166.67
MI / mo$200.18$200.18$89.44
HOA / mo$0.00$0.00$0.00
Total monthly$3,189.06$3,554.93$3,494.00
Cash to close$61,817$24,845$49,690