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$267,215$267,215$288,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$36,785$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.801%7.640%
1st payment$1,770.92$1,770.92$1,994.05
2nd payment$0.00$364.02$0.00
Taxes / mo$148.92$148.92$148.92
Insurance / mo$150.00$150.00$150.00
MI / mo$125.92$125.92$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,195.75$2,559.77$2,350.57
Cash to close$52,785$16,000$32,000