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$524,967$517,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.020%7.400%
Blended rate7.570%7.640%
1st payment$3,588.53$3,583.07
2nd payment$0.00$0.00
Taxes / mo$159.75$159.75
Insurance / mo$166.67$166.67
MI / mo$246.72$103.50
HOA / mo$145.00$145.00
Total monthly$4,306.67$4,157.98
Cash to close$50,033$57,500