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$244,801$244,801$270,000
Remaining term (yrs)29.629.630.0
Secondary amount$0$25,199$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.232%7.640%
1st payment$1,551.54$1,551.54$1,869.43
2nd payment$0.00$189.00$0.00
Taxes / mo$44.42$44.42$44.42
Insurance / mo$150.00$150.00$150.00
MI / mo$112.51$112.51$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,858.46$2,047.46$2,117.84
Cash to close$55,199$30,000$30,000