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$480,688$458,100
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.570%7.400%
Blended rate8.120%7.640%
1st payment$3,483.60$3,171.79
2nd payment$0.00$0.00
Taxes / mo$161.33$161.33
Insurance / mo$166.67$166.67
MI / mo$226.79$91.62
HOA / mo$111.00$111.00
Total monthly$4,149.39$3,702.41
Cash to close$28,312$50,900