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$516,736$480,600
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$3,398.16$3,327.58
2nd payment$0.00$0.00
Taxes / mo$6.42$6.42
Insurance / mo$166.67$166.67
MI / mo$243.87$96.12
HOA / mo$85.00$85.00
Total monthly$3,900.11$3,681.78
Cash to close$17,264$53,400