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$233,084$233,084$247,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$28,166$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.704%7.640%
1st payment$1,559.13$1,559.13$1,713.64
2nd payment$0.00$278.73$0.00
Taxes / mo$64.50$64.50$64.50
Insurance / mo$150.00$150.00$150.00
MI / mo$111.31$111.31$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,884.95$2,163.68$1,977.64
Cash to close$41,916$13,750$27,500