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$9,911$9,911$261,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$251,089$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.741%7.640%
1st payment$69.31$69.31$1,807.11
2nd payment$0.00$1,621.62$0.00
Taxes / mo$117.75$117.75$117.75
Insurance / mo$150.00$150.00$150.00
MI / mo$4.70$4.70$52.20
HOA / mo$306.00$306.00$306.00
Total monthly$647.76$2,269.37$2,433.06
Cash to close$280,089$29,000$29,000