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$909,544$909,544$2,835,000
Remaining term (yrs)10.510.530.0
Secondary amount$0$1,925,456$0
Funding fee$0$0$0
Note rate3.510%3.510%7.400%
Blended rate4.360%6.662%7.640%
1st payment$8,584.48$8,584.48$19,628.97
2nd payment$0.00$12,435.24$0.00
Taxes / mo$1,003.00$1,003.00$1,003.00
Insurance / mo$216.67$216.67$216.67
MI / mo$850.00$850.00$567.00
HOA / mo$6.25$6.25$6.25
Total monthly$10,660.40$23,095.64$21,421.88
Cash to close$2,240,456$315,000$315,000