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$207,452$207,452$261,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$53,548$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.750%8.006%7.640%
1st payment$1,427.36$1,427.36$1,807.11
2nd payment$0.00$401.61$0.00
Taxes / mo$80.67$80.67$80.67
Insurance / mo$150.00$150.00$150.00
MI / mo$153.51$153.51$52.20
HOA / mo$18.33$18.33$18.33
Total monthly$1,829.88$2,231.49$2,108.31
Cash to close$82,548$29,000$29,000