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$500,132$477,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$3,392.52$3,302.65
2nd payment$0.00$0.00
Taxes / mo$159.50$159.50
Insurance / mo$166.67$166.67
MI / mo$235.14$95.40
HOA / mo$90.00$90.00
Total monthly$4,043.82$3,814.22
Cash to close$29,868$53,000