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$9,925$9,925$233,999
Remaining term (yrs)22.422.430.0
Secondary amount$0$224,074$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.730%7.640%
1st payment$71.39$71.39$1,620.16
2nd payment$0.00$1,447.14$0.00
Taxes / mo$200.42$200.42$200.42
Insurance / mo$150.00$150.00$150.00
MI / mo$4.67$4.67$46.80
HOA / mo$80.00$80.00$80.00
Total monthly$506.47$1,953.62$2,097.38
Cash to close$250,074$26,000$26,000