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$205,035$205,035$274,500
Remaining term (yrs)29.529.530.0
Secondary amount$0$69,465$0
Funding fee$0$0$0
Note rate6.370%6.370%7.400%
Blended rate6.920%7.446%7.640%
1st payment$1,284.50$1,284.50$1,900.58
2nd payment$0.00$520.99$0.00
Taxes / mo$82.42$82.42$82.42
Insurance / mo$150.00$150.00$150.00
MI / mo$94.42$94.42$54.90
HOA / mo$208.00$208.00$208.00
Total monthly$1,819.33$2,340.32$2,395.90
Cash to close$99,965$30,500$30,500