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$508,544$485,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$3,362.12$3,364.34
2nd payment$0.00$0.00
Taxes / mo$139.75$139.75
Insurance / mo$166.67$166.67
MI / mo$242.79$97.18
HOA / mo$70.00$70.00
Total monthly$3,981.32$3,837.94
Cash to close$31,356$53,990