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$247,609$247,609$287,100
Remaining term (yrs)28.328.330.0
Secondary amount$0$39,491$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.655%7.640%
1st payment$1,656.88$1,656.88$1,987.82
2nd payment$0.00$296.18$0.00
Taxes / mo$35.73$35.73$35.73
Insurance / mo$150.00$150.00$150.00
MI / mo$115.42$115.42$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,958.03$2,254.21$2,230.97
Cash to close$71,391$31,900$31,900