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$228,537$228,537$252,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$37,463$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%8.125%7.640%
1st payment$1,565.96$1,565.96$1,744.80
2nd payment$0.00$370.72$0.00
Taxes / mo$133.75$133.75$133.75
Insurance / mo$150.00$150.00$150.00
MI / mo$108.32$108.32$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,958.03$2,328.75$2,078.95
Cash to close$51,463$14,000$28,000