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$211,646$211,646$247,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$35,854$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.495%7.640%
1st payment$1,391.22$1,391.22$1,713.64
2nd payment$0.00$268.91$0.00
Taxes / mo$74.00$74.00$74.00
Insurance / mo$150.00$150.00$150.00
MI / mo$98.92$98.92$49.50
HOA / mo$110.33$110.33$110.33
Total monthly$1,824.47$2,093.38$2,097.47
Cash to close$63,354$27,500$27,500