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$301,257$301,257$387,000
Remaining term (yrs)28.628.630.0
Secondary amount$0$85,743$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.786%7.640%
1st payment$2,008.34$2,008.34$2,679.51
2nd payment$0.00$643.08$0.00
Taxes / mo$88.33$88.33$88.33
Insurance / mo$150.00$150.00$150.00
MI / mo$139.91$139.91$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,386.58$3,029.65$2,995.24
Cash to close$128,743$43,000$43,000