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$243,374$243,374$414,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$170,626$0
Funding fee$0$0$0
Note rate7.620%7.620%7.400%
Blended rate8.170%8.100%7.640%
1st payment$1,768.62$1,768.62$2,866.45
2nd payment$0.00$1,137.51$0.00
Taxes / mo$186.67$186.67$186.67
Insurance / mo$166.67$166.67$166.67
MI / mo$114.58$114.58$82.80
HOA / mo$130.00$130.00$130.00
Total monthly$2,366.54$3,504.05$3,432.59
Cash to close$216,626$46,000$46,000