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$456,299$391,500
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$3,056.10$2,710.67
2nd payment$0.00$0.00
Taxes / mo$119.58$119.58
Insurance / mo$150.00$150.00
MI / mo$213.76$78.30
HOA / mo$82.00$82.00
Total monthly$3,621.45$3,140.55
Cash to close$0$43,500