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$437,885$432,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$2,981.70$2,991.08
2nd payment$0.00$0.00
Taxes / mo$138.50$138.50
Insurance / mo$166.67$166.67
MI / mo$205.62$86.40
HOA / mo$94.00$94.00
Total monthly$3,586.49$3,476.65
Cash to close$42,115$48,000