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$244,555$244,555$269,999
Remaining term (yrs)27.927.930.0
Secondary amount$0$25,445$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.207%7.640%
1st payment$1,577.58$1,577.58$1,869.42
2nd payment$0.00$190.83$0.00
Taxes / mo$7.00$7.00$7.00
Insurance / mo$150.00$150.00$150.00
MI / mo$114.75$114.75$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,849.33$2,040.17$2,080.42
Cash to close$55,444$30,000$30,000