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$412,289$355,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$2,807.82$2,461.41
2nd payment$0.00$0.00
Taxes / mo$118.83$118.83
Insurance / mo$150.00$150.00
MI / mo$194.41$71.10
HOA / mo$83.33$83.33
Total monthly$3,354.39$2,884.67
Cash to close$0$39,500