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$445,586
Remaining term (yrs)——30.0
Secondary amount$0$445,586$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$3,085.14
2nd payment$0.00$2,877.74$0.00
Taxes / mo$30.33$30.33$30.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.12
HOA / mo$120.00$120.00$120.00
Total monthly$317.00$3,194.74$3,491.26
Cash to close$495,095$49,510$49,510