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$3,201$3,201$242,999
Remaining term (yrs)23.123.130.0
Secondary amount$0$239,798$0
Funding fee$0$0$0
Note rate7.080%7.080%7.400%
Blended rate7.930%7.752%7.640%
1st payment$23.42$23.42$1,682.48
2nd payment$0.00$1,548.70$0.00
Taxes / mo$100.25$100.25$100.25
Insurance / mo$150.00$150.00$150.00
MI / mo$2.39$2.39$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$276.07$1,824.76$1,981.33
Cash to close$266,798$27,000$27,000