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$345,164$305,100
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.220%7.400%
Blended rate7.770%7.640%
1st payment$2,416.61$2,112.45
2nd payment$0.00$0.00
Taxes / mo$173.75$173.75
Insurance / mo$150.00$150.00
MI / mo$162.85$61.02
HOA / mo$175.00$175.00
Total monthly$3,078.21$2,672.22
Cash to close$0$33,900