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$210,721$210,721$274,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$63,779$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.534%7.640%
1st payment$1,364.61$1,364.61$1,900.58
2nd payment$0.00$478.34$0.00
Taxes / mo$91.92$91.92$91.92
Insurance / mo$150.00$150.00$150.00
MI / mo$98.54$98.54$54.90
HOA / mo$250.00$250.00$250.00
Total monthly$1,955.07$2,433.40$2,447.40
Cash to close$94,279$30,500$30,500