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$485,356$472,950
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.840%7.400%
Blended rate7.390%7.640%
1st payment$3,213.67$3,274.61
2nd payment$0.00$0.00
Taxes / mo$155.00$155.00
Insurance / mo$166.67$166.67
MI / mo$225.02$94.59
HOA / mo$100.00$100.00
Total monthly$3,860.36$3,790.87
Cash to close$40,144$52,550