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$269,715$269,715$345,600
Remaining term (yrs)28.128.130.0
Secondary amount$0$75,885$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.478%7.640%
1st payment$1,739.66$1,739.66$2,392.86
2nd payment$0.00$569.14$0.00
Taxes / mo$128.50$128.50$128.50
Insurance / mo$150.00$150.00$150.00
MI / mo$126.15$126.15$69.12
HOA / mo$43.33$43.33$43.33
Total monthly$2,187.64$2,756.78$2,783.81
Cash to close$114,285$38,400$38,400