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$213,545$213,545$490,410
Remaining term (yrs)27.027.030.0
Secondary amount$0$276,865$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.580%7.640%
1st payment$1,440.90$1,440.90$3,395.50
2nd payment$0.00$1,788.08$0.00
Taxes / mo$119.67$119.67$119.67
Insurance / mo$166.67$166.67$166.67
MI / mo$101.20$101.20$98.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,828.43$3,616.52$3,779.92
Cash to close$331,355$54,490$54,490