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$502,835$467,100
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$3,243.28$3,234.11
2nd payment$0.00$0.00
Taxes / mo$31.75$31.75
Insurance / mo$166.67$166.67
MI / mo$235.18$93.42
HOA / mo$139.00$139.00
Total monthly$3,815.88$3,664.94
Cash to close$16,165$51,900