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$215,372$215,372$359,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$143,728$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.694%7.640%
1st payment$1,460.92$1,460.92$2,486.34
2nd payment$0.00$958.19$0.00
Taxes / mo$30.42$30.42$30.42
Insurance / mo$150.00$150.00$150.00
MI / mo$101.26$101.26$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,742.59$2,700.78$2,738.57
Cash to close$183,628$39,900$39,900