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$414,729$263,925
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.490%7.400%
Blended rate8.040%7.640%
1st payment$2,983.49$1,827.36
2nd payment$0.00$0.00
Taxes / mo$111.33$111.33
Insurance / mo$150.00$150.00
MI / mo$195.76$52.79
HOA / mo$95.00$95.00
Total monthly$3,535.58$2,236.48
Cash to close$0$29,325