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$272,760$208,800
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$1,834.47$1,445.69
2nd payment$0.00$0.00
Taxes / mo$68.08$68.08
Insurance / mo$150.00$150.00
MI / mo$128.71$41.76
HOA / mo$0.00$0.00
Total monthly$2,181.26$1,705.53
Cash to close$0$23,200