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$422,364$362,700
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.400%
Blended rate6.070%7.640%
1st payment$2,472.86$2,511.26
2nd payment$0.00$0.00
Taxes / mo$157.59$157.59
Insurance / mo$150.00$150.00
MI / mo$318.27$72.54
HOA / mo$115.00$115.00
Total monthly$3,213.73$3,006.39
Cash to close$0$40,300