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$432,281$365,400
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$2,895.24$2,529.96
2nd payment$0.00$0.00
Taxes / mo$83.75$83.75
Insurance / mo$150.00$150.00
MI / mo$202.51$73.08
HOA / mo$90.00$90.00
Total monthly$3,421.51$2,926.79
Cash to close$0$40,600