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$508,920$224,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.170%7.400%
Blended rate7.720%7.640%
1st payment$3,532.52$1,557.23
2nd payment$0.00$0.00
Taxes / mo$77.75$77.75
Insurance / mo$150.00$150.00
MI / mo$239.24$44.98
HOA / mo$0.00$0.00
Total monthly$3,999.51$1,829.96
Cash to close$0$24,990