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$481,506$382,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.490%7.400%
Blended rate7.040%7.640%
1st payment$3,115.61$2,648.35
2nd payment$0.00$0.00
Taxes / mo$28.08$28.08
Insurance / mo$150.00$150.00
MI / mo$226.16$76.50
HOA / mo$102.00$102.00
Total monthly$3,621.85$3,004.94
Cash to close$0$42,500