Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$413,218$378,000
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.750%7.640%
1st payment$2,843.13$2,617.20
2nd payment$0.00$0.00
Taxes / mo$7.42$7.42
Insurance / mo$150.00$150.00
MI / mo$305.78$75.60
HOA / mo$222.00$222.00
Total monthly$3,528.33$3,072.21
Cash to close$6,782$42,000