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$261,021$261,021$279,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$33,479$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.802%7.640%
1st payment$1,747.75$1,747.75$1,931.74
2nd payment$0.00$331.30$0.00
Taxes / mo$99.58$99.58$99.58
Insurance / mo$150.00$150.00$150.00
MI / mo$123.76$123.76$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,121.09$2,452.39$2,237.12
Cash to close$48,979$15,500$31,000