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$397,614$350,550
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.790%7.640%
1st payment$2,746.02$2,427.14
2nd payment$0.00$0.00
Taxes / mo$171.67$171.67
Insurance / mo$150.00$150.00
MI / mo$294.14$70.11
HOA / mo$112.00$112.00
Total monthly$3,473.83$2,930.91
Cash to close$0$38,950