Sophia Sommer

(602) 512-9825
The Sommer Group
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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$254,290$254,290$304,200
Remaining term (yrs)26.726.730.0
Secondary amount$0$49,910$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.278%7.640%
1st payment$1,653.04$1,653.04$2,106.22
2nd payment$0.00$374.32$0.00
Taxes / mo$92.08$92.08$92.08
Insurance / mo$150.00$150.00$150.00
MI / mo$121.25$121.25$60.84
HOA / mo$0.00$0.00$0.00
Total monthly$2,016.38$2,390.70$2,409.14
Cash to close$83,710$33,800$33,800