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$363,862$338,310
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,339.73$2,342.39
2nd payment$0.00$0.00
Taxes / mo$115.60$115.60
Insurance / mo$150.00$150.00
MI / mo$169.66$67.66
HOA / mo$40.00$40.00
Total monthly$2,815.00$2,715.65
Cash to close$12,038$37,590