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$453,145$396,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$3,235.59$2,741.82
2nd payment$0.00$0.00
Taxes / mo$112.08$112.08
Insurance / mo$150.00$150.00
MI / mo$213.34$79.20
HOA / mo$22.67$22.67
Total monthly$3,733.68$3,105.78
Cash to close$0$44,000