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$227,085$227,085$239,850
Remaining term (yrs)27.627.630.0
Secondary amount$0$26,090$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.951%7.640%
1st payment$1,540.33$1,540.33$1,660.67
2nd payment$0.00$258.18$0.00
Taxes / mo$121.25$121.25$121.25
Insurance / mo$150.00$150.00$150.00
MI / mo$106.65$106.65$47.97
HOA / mo$0.00$0.00$0.00
Total monthly$1,918.24$2,176.42$1,979.89
Cash to close$39,415$13,325$26,650