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$254,434$254,434$268,038
Remaining term (yrs)26.626.630.0
Secondary amount$0$28,495$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.392%7.640%
1st payment$1,647.87$1,647.87$1,855.84
2nd payment$0.00$281.98$0.00
Taxes / mo$101.58$101.58$101.58
Insurance / mo$150.00$150.00$150.00
MI / mo$121.51$121.51$53.61
HOA / mo$0.00$0.00$0.00
Total monthly$2,020.96$2,302.95$2,161.03
Cash to close$43,386$14,891$29,782