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$206,890$206,890$562,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$355,610$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.610%7.640%
1st payment$1,387.17$1,387.17$3,894.64
2nd payment$0.00$2,296.65$0.00
Taxes / mo$154.25$154.25$154.25
Insurance / mo$166.67$166.67$166.67
MI / mo$97.33$97.33$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,805.42$4,102.06$4,328.05
Cash to close$418,110$62,500$62,500