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$318,108$247,499
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$2,060.27$1,713.63
2nd payment$0.00$0.00
Taxes / mo$128.50$128.50
Insurance / mo$150.00$150.00
MI / mo$151.92$49.50
HOA / mo$50.00$50.00
Total monthly$2,540.68$2,091.63
Cash to close$0$27,500