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$12,268$12,268$220,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$208,232$0
Funding fee$0$0$0
Note rate6.290%6.290%7.400%
Blended rate7.140%7.716%7.640%
1st payment$80.90$80.90$1,526.70
2nd payment$0.00$1,344.83$0.00
Taxes / mo$54.50$54.50$54.50
Insurance / mo$150.00$150.00$150.00
MI / mo$9.16$9.16$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$294.56$1,639.39$1,775.30
Cash to close$232,732$24,500$24,500