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$471,680
Remaining term (yrs)——30.0
Secondary amount$0$471,680$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%7.750%7.640%
1st payment$0.00$0.00$3,265.82
2nd payment$0.00$3,046.27$0.00
Taxes / mo$39.42$39.42$39.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.34
HOA / mo$157.00$157.00$157.00
Total monthly$363.08$3,409.35$3,723.24
Cash to close$524,089$52,409$52,409