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$468,526$427,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.420%7.400%
Blended rate6.970%7.640%
1st payment$3,058.21$2,959.92
2nd payment$0.00$0.00
Taxes / mo$156.92$156.92
Insurance / mo$166.67$166.67
MI / mo$223.62$85.50
HOA / mo$99.00$99.00
Total monthly$3,704.41$3,468.01
Cash to close$6,474$47,500