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$258,589$258,589$355,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$96,911$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%7.087%7.640%
1st payment$1,565.04$1,565.04$2,461.41
2nd payment$0.00$726.83$0.00
Taxes / mo$133.50$133.50$133.50
Insurance / mo$150.00$150.00$150.00
MI / mo$194.81$194.81$71.10
HOA / mo$72.00$72.00$72.00
Total monthly$2,115.36$2,842.19$2,888.01
Cash to close$136,411$39,500$39,500