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$5,363$5,363$243,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$237,637$0
Funding fee$0$0$0
Note rate7.630%7.630%7.400%
Blended rate8.180%7.759%7.640%
1st payment$39.91$39.91$1,682.48
2nd payment$0.00$1,534.74$0.00
Taxes / mo$62.75$62.75$62.75
Insurance / mo$150.00$150.00$150.00
MI / mo$2.54$2.54$48.60
HOA / mo$211.00$211.00$211.00
Total monthly$466.20$2,000.94$2,154.83
Cash to close$264,637$27,000$27,000