Sophia Sommer

(602) 512-9825
The Sommer Group
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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$254,405$254,405$323,100
Remaining term (yrs)29.229.230.0
Secondary amount$0$68,695$0
Funding fee$0$0$0
Note rate6.190%6.190%7.400%
Blended rate6.740%7.221%7.640%
1st payment$1,568.77$1,568.77$2,237.08
2nd payment$0.00$515.21$0.00
Taxes / mo$22.33$22.33$22.33
Insurance / mo$150.00$150.00$150.00
MI / mo$117.52$117.52$64.62
HOA / mo$13.92$13.92$13.92
Total monthly$1,872.54$2,387.75$2,487.95
Cash to close$104,595$35,900$35,900