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$183,485$183,485$301,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$118,015$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.562%7.640%
1st payment$1,306.60$1,306.60$2,087.53
2nd payment$0.00$786.77$0.00
Taxes / mo$111.25$111.25$111.25
Insurance / mo$150.00$150.00$150.00
MI / mo$86.83$86.83$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,654.68$2,441.45$2,409.08
Cash to close$151,515$33,500$33,500