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$499,522$467,550
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$3,345.60$3,237.22
2nd payment$0.00$0.00
Taxes / mo$221.03$221.03
Insurance / mo$166.67$166.67
MI / mo$234.01$93.51
HOA / mo$198.00$198.00
Total monthly$4,165.31$3,916.43
Cash to close$19,978$51,950