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$0$0$341,100
Remaining term (yrs)——30.0
Secondary amount$0$341,100$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.850%7.750%7.640%
1st payment$0.00$0.00$2,361.71
2nd payment$0.00$2,202.94$0.00
Taxes / mo$17.58$17.58$17.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$167.58$2,370.52$2,597.51
Cash to close$379,000$37,900$37,900