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$414,594$396,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,668.66$2,741.82
2nd payment$0.00$0.00
Taxes / mo$120.58$120.58
Insurance / mo$150.00$150.00
MI / mo$193.51$79.20
HOA / mo$100.00$100.00
Total monthly$3,232.76$3,191.61
Cash to close$25,406$44,000