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$247,609$247,609$305,999
Remaining term (yrs)28.328.330.0
Secondary amount$0$58,390$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.738%7.640%
1st payment$1,656.88$1,656.88$2,118.68
2nd payment$0.00$437.93$0.00
Taxes / mo$35.75$35.75$35.75
Insurance / mo$150.00$150.00$150.00
MI / mo$115.42$115.42$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,958.05$2,395.97$2,365.63
Cash to close$92,390$34,000$34,000