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$269,737$269,737$283,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$29,513$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.814%7.640%
1st payment$1,808.55$1,808.55$1,962.90
2nd payment$0.00$292.06$0.00
Taxes / mo$133.25$133.25$133.25
Insurance / mo$150.00$150.00$150.00
MI / mo$126.89$126.89$56.70
HOA / mo$86.00$86.00$86.00
Total monthly$2,304.69$2,596.75$2,388.85
Cash to close$45,263$15,750$31,500