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$494,071$449,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$3,335.39$3,115.09
2nd payment$0.00$0.00
Taxes / mo$261.58$261.58
Insurance / mo$166.67$166.67
MI / mo$232.59$89.98
HOA / mo$95.00$95.00
Total monthly$4,091.23$3,728.32
Cash to close$5,829$49,990