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$285,444$285,444$306,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$37,556$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.797%7.640%
1st payment$1,913.90$1,913.90$2,118.68
2nd payment$0.00$371.65$0.00
Taxes / mo$77.92$77.92$77.92
Insurance / mo$150.00$150.00$150.00
MI / mo$135.80$135.80$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,277.62$2,649.27$2,407.80
Cash to close$54,556$17,000$34,000