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$411,255$342,900
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$2,684.60$2,374.17
2nd payment$0.00$0.00
Taxes / mo$28.00$28.00
Insurance / mo$150.00$150.00
MI / mo$191.67$68.58
HOA / mo$88.00$88.00
Total monthly$3,142.27$2,708.75
Cash to close$0$38,100