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$420,865
Remaining term (yrs)29.829.830.0
Secondary amount$0$420,865$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.540%7.750%7.640%
1st payment$0.00$0.00$2,913.99
2nd payment$0.00$2,718.09$0.00
Taxes / mo$40.25$40.25$40.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.17
HOA / mo$157.00$157.00$157.00
Total monthly$363.92$3,082.00$3,362.08
Cash to close$467,628$46,763$46,763