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$419,217$409,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$2,777.70$2,835.30
2nd payment$0.00$0.00
Taxes / mo$191.42$191.42
Insurance / mo$166.67$166.67
MI / mo$196.69$81.90
HOA / mo$108.00$108.00
Total monthly$3,440.48$3,383.28
Cash to close$35,783$45,500