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$278,786$278,786$351,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$72,214$0
Funding fee$0$0$0
Note rate6.150%6.150%7.400%
Blended rate6.700%7.173%7.640%
1st payment$1,776.63$1,776.63$2,430.25
2nd payment$0.00$541.60$0.00
Taxes / mo$89.83$89.83$89.83
Insurance / mo$150.00$150.00$150.00
MI / mo$133.66$133.66$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,150.12$2,691.73$2,740.29
Cash to close$111,214$39,000$39,000