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$397,961$342,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,665.37$2,367.94
2nd payment$0.00$0.00
Taxes / mo$203.50$203.50
Insurance / mo$150.00$150.00
MI / mo$189.12$68.40
HOA / mo$159.00$159.00
Total monthly$3,367.00$2,948.84
Cash to close$0$38,000