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$275,761$275,761$301,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$25,739$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.537%7.640%
1st payment$1,972.60$1,972.60$2,087.53
2nd payment$0.00$193.05$0.00
Taxes / mo$46.50$46.50$46.50
Insurance / mo$150.00$150.00$150.00
MI / mo$129.67$129.67$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,298.77$2,491.82$2,344.33
Cash to close$59,239$33,500$33,500