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$192,988$192,988$243,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$50,012$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.470%7.785%7.640%
1st payment$1,302.69$1,302.69$1,682.48
2nd payment$0.00$375.09$0.00
Taxes / mo$69.08$69.08$69.08
Insurance / mo$150.00$150.00$150.00
MI / mo$90.47$90.47$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,612.24$1,987.33$1,950.17
Cash to close$77,012$27,000$27,000