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$286,763
Remaining term (yrs)——30.0
Secondary amount$0$286,763$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$1,985.49
2nd payment$0.00$1,852.01$0.00
Taxes / mo$11.08$11.08$11.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.35
HOA / mo$45.00$45.00$45.00
Total monthly$206.08$2,058.09$2,248.92
Cash to close$318,625$31,863$31,863