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$241,307$179,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$1,593.11$1,240.05
2nd payment$0.00$0.00
Taxes / mo$107.50$107.50
Insurance / mo$150.00$150.00
MI / mo$113.86$35.82
HOA / mo$112.00$112.00
Total monthly$2,076.46$1,645.37
Cash to close$0$19,900