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$355,500
Remaining term (yrs)——30.0
Secondary amount$0$355,500$0
Funding fee$0$0$0
Note rate1.000%1.000%7.400%
Blended rate1.850%7.750%7.640%
1st payment$0.00$0.00$2,461.41
2nd payment$0.00$2,295.94$0.00
Taxes / mo$292.75$292.75$292.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$89.00$89.00$89.00
Total monthly$531.75$2,827.69$3,064.26
Cash to close$395,000$39,500$39,500