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$271,315$271,315$319,499
Remaining term (yrs)26.926.930.0
Secondary amount$0$48,184$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.607%7.640%
1st payment$1,832.67$1,832.67$2,212.15
2nd payment$0.00$361.38$0.00
Taxes / mo$89.04$89.04$89.04
Insurance / mo$150.00$150.00$150.00
MI / mo$128.71$128.71$63.90
HOA / mo$205.00$205.00$205.00
Total monthly$2,405.43$2,766.81$2,720.09
Cash to close$83,684$35,500$35,500