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$219,204$219,204$256,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$37,296$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.752%7.640%
1st payment$1,324.76$1,324.76$1,775.95
2nd payment$0.00$279.72$0.00
Taxes / mo$76.92$76.92$76.92
Insurance / mo$150.00$150.00$150.00
MI / mo$164.90$164.90$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,716.58$1,996.30$2,054.17
Cash to close$65,796$28,500$28,500