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$423,717$357,300
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$2,793.53$2,473.87
2nd payment$0.00$0.00
Taxes / mo$188.08$188.08
Insurance / mo$150.00$150.00
MI / mo$198.01$71.46
HOA / mo$99.00$99.00
Total monthly$3,428.63$2,982.42
Cash to close$0$39,700