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$225,319$225,319$238,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$26,431$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.360%7.640%
1st payment$1,452.52$1,452.52$1,651.33
2nd payment$0.00$261.56$0.00
Taxes / mo$111.58$111.58$111.58
Insurance / mo$150.00$150.00$150.00
MI / mo$107.78$107.78$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,821.88$2,083.44$1,960.61
Cash to close$39,681$13,250$26,500