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$16,286$16,286$247,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$231,214$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.714%7.640%
1st payment$108.81$108.81$1,713.64
2nd payment$0.00$1,493.26$0.00
Taxes / mo$69.00$69.00$69.00
Insurance / mo$150.00$150.00$150.00
MI / mo$7.59$7.59$49.50
HOA / mo$91.00$91.00$91.00
Total monthly$426.41$1,919.67$2,073.14
Cash to close$258,714$27,500$27,500