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$275,659$275,659$305,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$29,441$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.654%7.640%
1st payment$1,888.84$1,888.84$2,112.45
2nd payment$0.00$220.81$0.00
Taxes / mo$60.67$60.67$60.67
Insurance / mo$150.00$150.00$150.00
MI / mo$130.65$130.65$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,230.16$2,450.97$2,384.14
Cash to close$63,341$33,900$33,900