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$271,745$271,745$369,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$97,255$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.638%7.640%
1st payment$1,787.04$1,787.04$2,554.88
2nd payment$0.00$729.42$0.00
Taxes / mo$140.83$140.83$140.83
Insurance / mo$150.00$150.00$150.00
MI / mo$128.25$128.25$73.80
HOA / mo$52.00$52.00$52.00
Total monthly$2,258.12$2,987.54$2,971.51
Cash to close$138,255$41,000$41,000