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$202,811$202,811$220,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$29,939$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.949%7.640%
1st payment$1,359.82$1,359.82$1,526.70
2nd payment$0.00$296.27$0.00
Taxes / mo$103.83$103.83$103.83
Insurance / mo$150.00$150.00$150.00
MI / mo$95.41$95.41$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,709.06$2,005.33$1,824.63
Cash to close$42,189$12,250$24,500