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$258,743$258,743$341,910
Remaining term (yrs)29.029.030.0
Secondary amount$0$83,167$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.403%7.640%
1st payment$1,625.42$1,625.42$2,367.32
2nd payment$0.00$623.75$0.00
Taxes / mo$61.00$61.00$61.00
Insurance / mo$150.00$150.00$150.00
MI / mo$119.85$119.85$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,956.27$2,580.03$2,646.70
Cash to close$121,157$37,990$37,990