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$396,017$355,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$2,331.52$2,461.41
2nd payment$0.00$0.00
Taxes / mo$273.50$273.50
Insurance / mo$150.00$150.00
MI / mo$299.74$71.10
HOA / mo$85.00$85.00
Total monthly$3,139.76$3,041.01
Cash to close$0$39,500