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$228,958$228,958$297,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$68,042$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.767%7.640%
1st payment$1,533.47$1,533.47$2,056.37
2nd payment$0.00$510.31$0.00
Taxes / mo$189.50$189.50$189.50
Insurance / mo$150.00$150.00$150.00
MI / mo$107.26$107.26$59.40
HOA / mo$91.00$91.00$91.00
Total monthly$2,071.23$2,581.54$2,546.27
Cash to close$101,042$33,000$33,000