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$362,321$346,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,424.01$2,399.10
2nd payment$0.00$0.00
Taxes / mo$146.42$146.42
Insurance / mo$150.00$150.00
MI / mo$172.00$69.30
HOA / mo$119.00$119.00
Total monthly$3,011.42$2,883.81
Cash to close$22,679$38,500