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$445,544$366,300
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,879.72$2,536.19
2nd payment$0.00$0.00
Taxes / mo$27.67$27.67
Insurance / mo$150.00$150.00
MI / mo$208.82$73.26
HOA / mo$169.00$169.00
Total monthly$3,435.21$2,956.11
Cash to close$0$40,700