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$279,032$279,032$341,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$62,878$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.213%7.640%
1st payment$1,797.45$1,797.45$2,367.32
2nd payment$0.00$471.59$0.00
Taxes / mo$89.83$89.83$89.83
Insurance / mo$150.00$150.00$150.00
MI / mo$133.66$133.66$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,170.94$2,642.53$2,675.53
Cash to close$100,868$37,990$37,990