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$269,860$269,860$288,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$34,140$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.509%7.640%
1st payment$1,551.40$1,551.40$1,994.05
2nd payment$0.00$337.84$0.00
Taxes / mo$90.08$90.08$90.08
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,996.65$2,334.49$2,291.74
Cash to close$50,140$16,000$32,000