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$427,549$405,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.230%7.400%
Blended rate7.780%7.640%
1st payment$3,008.16$2,804.14
2nd payment$0.00$0.00
Taxes / mo$190.08$190.08
Insurance / mo$150.00$150.00
MI / mo$202.51$81.00
HOA / mo$112.00$112.00
Total monthly$3,662.76$3,337.22
Cash to close$22,451$45,000