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$401,014$328,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$2,725.31$2,274.47
2nd payment$0.00$0.00
Taxes / mo$304.17$304.17
Insurance / mo$150.00$150.00
MI / mo$187.94$65.70
HOA / mo$0.00$0.00
Total monthly$3,367.42$2,794.33
Cash to close$0$36,500