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$249,557$249,557$354,600
Remaining term (yrs)28.028.030.0
Secondary amount$0$105,043$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.493%7.640%
1st payment$1,650.22$1,650.22$2,455.18
2nd payment$0.00$700.29$0.00
Taxes / mo$98.58$98.58$98.58
Insurance / mo$150.00$150.00$150.00
MI / mo$116.85$116.85$70.92
HOA / mo$85.00$85.00$85.00
Total monthly$2,100.66$2,800.94$2,859.68
Cash to close$144,443$39,400$39,400