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$190,032$190,032$256,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$66,468$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.555%7.640%
1st payment$1,226.97$1,226.97$1,775.95
2nd payment$0.00$498.51$0.00
Taxes / mo$115.75$115.75$115.75
Insurance / mo$150.00$150.00$150.00
MI / mo$88.97$88.97$51.30
HOA / mo$24.67$24.67$24.67
Total monthly$1,606.36$2,104.88$2,117.67
Cash to close$94,968$28,500$28,500