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$519,003$464,400
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$3,712.84$3,215.41
2nd payment$0.00$0.00
Taxes / mo$135.58$135.58
Insurance / mo$166.67$166.67
MI / mo$244.81$92.88
HOA / mo$100.00$100.00
Total monthly$4,359.90$3,710.54
Cash to close$0$51,600