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$452,582$423,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.200%7.400%
Blended rate7.750%7.640%
1st payment$3,165.84$2,928.77
2nd payment$0.00$0.00
Taxes / mo$168.33$168.33
Insurance / mo$166.67$166.67
MI / mo$213.76$84.60
HOA / mo$78.00$78.00
Total monthly$3,792.61$3,426.37
Cash to close$17,418$47,000