Sophia Sommer

(602) 512-9825
The Sommer Group
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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$210,468$210,468$229,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$31,782$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%7.092%7.640%
1st payment$1,273.81$1,273.81$1,589.01
2nd payment$0.00$314.51$0.00
Taxes / mo$42.25$42.25$42.25
Insurance / mo$150.00$150.00$150.00
MI / mo$158.56$158.56$45.90
HOA / mo$19.17$19.17$19.17
Total monthly$1,643.79$1,958.29$1,846.33
Cash to close$44,532$12,750$25,500