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$408,353
Remaining term (yrs)——30.0
Secondary amount$0$408,353$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$2,827.35
2nd payment$0.00$2,637.28$0.00
Taxes / mo$30.33$30.33$30.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.67
HOA / mo$120.00$120.00$120.00
Total monthly$317.00$2,954.28$3,226.02
Cash to close$453,725$45,373$45,373