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$241,276$241,276$260,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$34,129$0
Funding fee$0$0$0
Note rate6.750%6.750%7.400%
Blended rate7.300%7.867%7.640%
1st payment$1,623.97$1,623.97$1,806.49
2nd payment$0.00$337.73$0.00
Taxes / mo$72.58$72.58$72.58
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,961.31$2,299.04$2,081.25
Cash to close$48,624$14,495$28,990