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$457,777$442,800
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$3,066.00$3,065.86
2nd payment$0.00$0.00
Taxes / mo$112.25$112.25
Insurance / mo$166.67$166.67
MI / mo$214.46$88.56
HOA / mo$0.00$0.00
Total monthly$3,559.38$3,433.33
Cash to close$34,223$49,200