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$453,570$390,600
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$2,990.35$2,704.44
2nd payment$0.00$0.00
Taxes / mo$88.75$88.75
Insurance / mo$150.00$150.00
MI / mo$211.96$78.12
HOA / mo$0.00$0.00
Total monthly$3,441.06$3,021.31
Cash to close$0$43,400