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$490,741$481,433
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$3,201.48$3,333.35
2nd payment$0.00$0.00
Taxes / mo$292.83$292.83
Insurance / mo$166.67$166.67
MI / mo$234.83$96.29
HOA / mo$139.00$139.00
Total monthly$4,034.81$4,028.13
Cash to close$44,185$53,493