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$291,951$291,951$382,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$90,549$0
Funding fee$0$0$0
Note rate6.360%6.360%7.400%
Blended rate6.910%7.405%7.640%
1st payment$1,901.37$1,901.37$2,648.35
2nd payment$0.00$679.12$0.00
Taxes / mo$120.17$120.17$120.17
Insurance / mo$150.00$150.00$150.00
MI / mo$139.91$139.91$76.50
HOA / mo$135.00$135.00$135.00
Total monthly$2,446.44$3,125.56$3,130.02
Cash to close$133,049$42,500$42,500