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$419,994$373,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$2,730.22$2,586.04
2nd payment$0.00$0.00
Taxes / mo$135.25$135.25
Insurance / mo$150.00$150.00
MI / mo$200.26$74.70
HOA / mo$139.00$139.00
Total monthly$3,354.73$3,084.99
Cash to close$0$41,500