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$417,919$386,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,755.55$2,673.28
2nd payment$0.00$0.00
Taxes / mo$157.17$157.17
Insurance / mo$150.00$150.00
MI / mo$199.81$77.22
HOA / mo$190.00$190.00
Total monthly$3,452.53$3,247.67
Cash to close$11,081$42,900