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$275,085$275,085$287,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$27,965$0
Funding fee$0$0$0
Note rate6.480%6.480%7.400%
Blended rate7.030%7.477%7.640%
1st payment$1,812.42$1,812.42$1,987.82
2nd payment$0.00$276.74$0.00
Taxes / mo$174.42$174.42$174.42
Insurance / mo$150.00$150.00$150.00
MI / mo$131.70$131.70$57.42
HOA / mo$78.00$78.00$78.00
Total monthly$2,346.53$2,623.27$2,447.66
Cash to close$43,915$15,950$31,900