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$461,879$350,100
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate6.820%7.640%
1st payment$2,981.86$2,424.02
2nd payment$0.00$0.00
Taxes / mo$152.92$152.92
Insurance / mo$150.00$150.00
MI / mo$342.32$70.02
HOA / mo$148.00$148.00
Total monthly$3,775.09$2,944.96
Cash to close$0$38,900