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$30,986$30,986$197,100
Remaining term (yrs)6.06.030.0
Secondary amount$0$166,114$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.850%7.819%7.640%
1st payment$502.00$502.00$1,364.68
2nd payment$0.00$1,107.43$0.00
Taxes / mo$31.58$31.58$31.58
Insurance / mo$150.00$150.00$150.00
MI / mo$59.31$59.31$39.42
HOA / mo$215.00$215.00$215.00
Total monthly$957.89$2,065.31$1,800.68
Cash to close$188,014$21,900$21,900