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$424,009$378,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.030%7.400%
Blended rate7.580%7.640%
1st payment$2,915.71$2,617.20
2nd payment$0.00$0.00
Taxes / mo$215.58$215.58
Insurance / mo$150.00$150.00
MI / mo$200.26$75.60
HOA / mo$96.00$96.00
Total monthly$3,577.55$3,154.38
Cash to close$0$42,000