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$281,262$211,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.520%7.400%
Blended rate6.370%7.640%
1st payment$1,702.27$1,464.38
2nd payment$0.00$0.00
Taxes / mo$165.58$165.58
Insurance / mo$150.00$150.00
MI / mo$211.89$42.30
HOA / mo$47.00$47.00
Total monthly$2,276.75$1,869.27
Cash to close$0$23,500