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$413,602$351,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.170%7.400%
Blended rate5.020%7.640%
1st payment$2,189.43$2,430.25
2nd payment$0.00$0.00
Taxes / mo$214.67$214.67
Insurance / mo$150.00$150.00
MI / mo$318.27$70.20
HOA / mo$110.00$110.00
Total monthly$2,982.37$2,975.12
Cash to close$0$39,000