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$443,542$427,500
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.630%7.400%
Blended rate8.180%7.640%
1st payment$3,226.24$2,959.92
2nd payment$0.00$0.00
Taxes / mo$138.75$138.75
Insurance / mo$166.67$166.67
MI / mo$208.81$85.50
HOA / mo$100.00$100.00
Total monthly$3,840.47$3,450.84
Cash to close$31,458$47,500