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$183,052$183,052$269,910
Remaining term (yrs)26.226.230.0
Secondary amount$0$86,858$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.800%8.186%7.640%
1st payment$1,263.98$1,263.98$1,868.80
2nd payment$0.00$651.43$0.00
Taxes / mo$107.33$107.33$107.33
Insurance / mo$150.00$150.00$150.00
MI / mo$135.25$135.25$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,656.56$2,308.00$2,180.12
Cash to close$116,848$29,990$29,990