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$263,919$263,919$305,100
Remaining term (yrs)28.228.230.0
Secondary amount$0$41,181$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.702%7.640%
1st payment$1,778.12$1,778.12$2,112.45
2nd payment$0.00$308.86$0.00
Taxes / mo$183.58$183.58$183.58
Insurance / mo$150.00$150.00$150.00
MI / mo$123.12$123.12$61.02
HOA / mo$21.00$21.00$21.00
Total monthly$2,255.83$2,564.68$2,528.05
Cash to close$75,081$33,900$33,900