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$280,605$280,605$369,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$88,395$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.517%7.640%
1st payment$1,800.75$1,800.75$2,554.88
2nd payment$0.00$662.96$0.00
Taxes / mo$113.08$113.08$113.08
Insurance / mo$150.00$150.00$150.00
MI / mo$130.58$130.58$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,194.41$2,857.37$2,891.76
Cash to close$129,395$41,000$41,000