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$278,900$278,900$315,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$36,100$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.273%7.640%
1st payment$1,800.76$1,800.76$2,181.00
2nd payment$0.00$270.75$0.00
Taxes / mo$166.08$166.08$166.08
Insurance / mo$150.00$150.00$150.00
MI / mo$130.58$130.58$63.00
HOA / mo$90.00$90.00$90.00
Total monthly$2,337.42$2,608.18$2,650.08
Cash to close$71,100$35,000$35,000