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$391,842$357,210
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,519.65$2,473.25
2nd payment$0.00$0.00
Taxes / mo$2.92$2.92
Insurance / mo$150.00$150.00
MI / mo$182.71$71.44
HOA / mo$155.00$155.00
Total monthly$3,010.28$2,852.61
Cash to close$5,058$39,690