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$431,008$404,100
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$2,898.17$2,797.91
2nd payment$0.00$0.00
Taxes / mo$184.42$184.42
Insurance / mo$150.00$150.00
MI / mo$202.51$80.82
HOA / mo$91.00$91.00
Total monthly$3,526.10$3,304.14
Cash to close$17,992$44,900