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$226,441$226,441$319,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$93,059$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.710%7.640%
1st payment$1,466.67$1,466.67$2,212.15
2nd payment$0.00$697.95$0.00
Taxes / mo$137.67$137.67$137.67
Insurance / mo$150.00$150.00$150.00
MI / mo$104.93$104.93$63.90
HOA / mo$70.00$70.00$70.00
Total monthly$1,929.26$2,627.21$2,633.72
Cash to close$128,559$35,500$35,500