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$236,298$236,298$431,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$195,612$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%7.108%7.640%
1st payment$1,430.13$1,430.13$2,990.46
2nd payment$0.00$1,304.08$0.00
Taxes / mo$26.83$26.83$26.83
Insurance / mo$166.67$166.67$166.67
MI / mo$178.02$178.02$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,801.65$3,105.73$3,270.34
Cash to close$243,602$47,990$47,990