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$592,783$592,783$778,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$185,717$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%6.987%7.640%
1st payment$3,771.25$3,771.25$5,390.18
2nd payment$0.00$1,238.11$0.00
Taxes / mo$356.75$356.75$356.75
Insurance / mo$216.67$216.67$216.67
MI / mo$284.63$284.63$155.70
HOA / mo$60.17$60.17$60.17
Total monthly$4,689.47$5,927.58$6,179.46
Cash to close$272,217$86,500$86,500