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
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$456,803$456,803$459,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$27,697$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.524%7.640%
1st payment$3,059.48$3,059.48$3,178.02
2nd payment$0.00$274.08$0.00
Taxes / mo$177.00$177.00$177.00
Insurance / mo$166.67$166.67$166.67
MI / mo$217.09$217.09$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,620.23$3,894.31$3,613.49
Cash to close$53,197$25,500$51,000