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$237,843$237,843$279,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$41,157$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.298%7.640%
1st payment$1,367.33$1,367.33$1,931.74
2nd payment$0.00$308.68$0.00
Taxes / mo$52.08$52.08$52.08
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,750.25$2,058.92$2,189.62
Cash to close$72,157$31,000$31,000