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$501,227$449,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.770%7.400%
Blended rate7.320%7.640%
1st payment$3,330.81$3,115.09
2nd payment$0.00$0.00
Taxes / mo$170.08$170.08
Insurance / mo$166.67$166.67
MI / mo$234.89$89.98
HOA / mo$96.00$96.00
Total monthly$3,998.45$3,637.82
Cash to close$0$49,990