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$201,066$201,066$242,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$41,844$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.452%7.640%
1st payment$1,296.98$1,296.98$1,681.86
2nd payment$0.00$313.83$0.00
Taxes / mo$106.33$106.33$106.33
Insurance / mo$150.00$150.00$150.00
MI / mo$93.27$93.27$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,646.59$1,960.42$1,986.78
Cash to close$68,834$26,990$26,990