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$436,272$292,500
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$2,828.45$2,025.21
2nd payment$0.00$0.00
Taxes / mo$227.08$227.08
Insurance / mo$150.00$150.00
MI / mo$202.36$58.50
HOA / mo$68.00$68.00
Total monthly$3,475.88$2,528.79
Cash to close$0$32,500