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$450,594$436,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$3,043.66$3,022.24
2nd payment$0.00$0.00
Taxes / mo$186.08$186.08
Insurance / mo$166.67$166.67
MI / mo$213.76$87.30
HOA / mo$139.00$139.00
Total monthly$3,749.18$3,601.29
Cash to close$34,406$48,500