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$182,601$182,601$215,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$32,499$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.209%7.640%
1st payment$1,182.64$1,182.64$1,489.31
2nd payment$0.00$243.75$0.00
Taxes / mo$71.08$71.08$71.08
Insurance / mo$150.00$150.00$150.00
MI / mo$87.20$87.20$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,490.92$1,734.67$1,753.41
Cash to close$56,399$23,900$23,900