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$274,826$274,826$315,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$40,174$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.339%7.640%
1st payment$1,599.35$1,599.35$2,181.00
2nd payment$0.00$301.30$0.00
Taxes / mo$57.83$57.83$57.83
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,015.83$2,317.13$2,451.83
Cash to close$75,174$35,000$35,000