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$214,139$214,139$229,410
Remaining term (yrs)26.726.730.0
Secondary amount$0$28,016$0
Funding fee$0$0$0
Note rate6.570%6.570%7.400%
Blended rate7.120%7.670%7.640%
1st payment$1,416.58$1,416.58$1,588.39
2nd payment$0.00$277.24$0.00
Taxes / mo$58.33$58.33$58.33
Insurance / mo$150.00$150.00$150.00
MI / mo$101.98$101.98$45.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,726.89$2,004.13$1,842.60
Cash to close$40,761$12,745$25,490