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$205,672$205,672$333,000
Remaining term (yrs)10.810.830.0
Secondary amount$0$127,328$0
Funding fee$0$0$0
Note rate5.540%5.540%7.400%
Blended rate6.390%7.006%7.640%
1st payment$2,095.86$2,095.86$2,305.62
2nd payment$0.00$848.85$0.00
Taxes / mo$76.67$76.67$76.67
Insurance / mo$150.00$150.00$150.00
MI / mo$260.31$260.31$66.60
HOA / mo$48.17$48.17$48.17
Total monthly$2,631.01$3,479.86$2,647.06
Cash to close$164,328$37,000$37,000