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$271,053$271,053$348,300
Remaining term (yrs)29.029.030.0
Secondary amount$0$77,247$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.296%7.640%
1st payment$1,687.04$1,687.04$2,411.56
2nd payment$0.00$579.35$0.00
Taxes / mo$104.50$104.50$104.50
Insurance / mo$150.00$150.00$150.00
MI / mo$125.45$125.45$69.66
HOA / mo$49.00$49.00$49.00
Total monthly$2,115.99$2,695.34$2,784.72
Cash to close$115,947$38,700$38,700