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$281,262$281,262$301,499
Remaining term (yrs)25.825.830.0
Secondary amount$0$36,987$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%7.010%7.640%
1st payment$1,702.27$1,702.27$2,087.52
2nd payment$0.00$366.01$0.00
Taxes / mo$127.58$127.58$127.58
Insurance / mo$150.00$150.00$150.00
MI / mo$211.89$211.89$60.30
HOA / mo$27.00$27.00$27.00
Total monthly$2,218.75$2,584.76$2,452.40
Cash to close$53,737$16,750$33,500