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$289,197$289,197$323,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$34,713$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.188%7.640%
1st payment$1,665.96$1,665.96$2,242.69
2nd payment$0.00$260.35$0.00
Taxes / mo$143.58$143.58$143.58
Insurance / mo$150.00$150.00$150.00
MI / mo$219.82$219.82$64.78
HOA / mo$97.00$97.00$97.00
Total monthly$2,276.36$2,536.71$2,698.05
Cash to close$70,703$35,990$35,990