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$255,243$255,243$369,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$113,757$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.720%7.640%
1st payment$1,508.83$1,508.83$2,554.88
2nd payment$0.00$758.38$0.00
Taxes / mo$136.00$136.00$136.00
Insurance / mo$150.00$150.00$150.00
MI / mo$192.46$192.46$73.80
HOA / mo$112.00$112.00$112.00
Total monthly$2,099.29$2,857.67$3,026.68
Cash to close$154,757$41,000$41,000