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$514,209$428,400
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$3,346.58$2,966.16
2nd payment$0.00$0.00
Taxes / mo$209.17$209.17
Insurance / mo$166.67$166.67
MI / mo$240.17$85.68
HOA / mo$100.00$100.00
Total monthly$4,062.59$3,527.67
Cash to close$0$47,600