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$315,879$265,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.060%7.400%
Blended rate7.610%7.640%
1st payment$2,163.37$1,838.27
2nd payment$0.00$0.00
Taxes / mo$119.83$119.83
Insurance / mo$150.00$150.00
MI / mo$148.14$53.10
HOA / mo$65.00$65.00
Total monthly$2,646.34$2,226.20
Cash to close$0$29,500