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$504,100$494,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.070%7.400%
Blended rate7.620%7.640%
1st payment$3,486.73$3,426.66
2nd payment$0.00$0.00
Taxes / mo$144.17$144.17
Insurance / mo$166.67$166.67
MI / mo$238.52$98.98
HOA / mo$54.67$54.67
Total monthly$4,090.75$3,891.14
Cash to close$45,800$54,990