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$519,641$513,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$3,487.19$3,551.91
2nd payment$0.00$0.00
Taxes / mo$226.75$226.75
Insurance / mo$166.67$166.67
MI / mo$243.67$102.60
HOA / mo$120.00$120.00
Total monthly$4,244.28$4,167.93
Cash to close$50,359$57,000