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$389,573$364,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$2,565.89$2,523.72
2nd payment$0.00$0.00
Taxes / mo$165.58$165.58
Insurance / mo$150.00$150.00
MI / mo$181.88$72.90
HOA / mo$152.00$152.00
Total monthly$3,215.35$3,064.21
Cash to close$15,427$40,500