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$242,930$242,930$261,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$32,570$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%8.017%7.640%
1st payment$1,633.65$1,633.65$1,807.11
2nd payment$0.00$322.31$0.00
Taxes / mo$79.50$79.50$79.50
Insurance / mo$150.00$150.00$150.00
MI / mo$113.11$113.11$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,976.26$2,298.57$2,088.81
Cash to close$47,070$14,500$29,000