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$72,186$72,186$270,000
Remaining term (yrs)13.613.630.0
Secondary amount$0$197,814$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%7.492%7.640%
1st payment$615.15$615.15$1,869.43
2nd payment$0.00$1,318.76$0.00
Taxes / mo$116.58$116.58$116.58
Insurance / mo$150.00$150.00$150.00
MI / mo$78.91$78.91$54.00
HOA / mo$210.00$210.00$210.00
Total monthly$1,170.64$2,489.40$2,400.01
Cash to close$227,814$30,000$30,000