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$290,880$290,880$391,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$100,620$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.532%7.640%
1st payment$1,956.34$1,956.34$2,710.67
2nd payment$0.00$670.80$0.00
Taxes / mo$123.17$123.17$123.17
Insurance / mo$150.00$150.00$150.00
MI / mo$137.26$137.26$78.30
HOA / mo$36.00$36.00$36.00
Total monthly$2,402.77$3,073.57$3,098.13
Cash to close$144,120$43,500$43,500