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$296,317$261,900
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.620%7.400%
Blended rate8.170%7.640%
1st payment$2,153.37$1,813.34
2nd payment$0.00$0.00
Taxes / mo$4.42$4.42
Insurance / mo$150.00$150.00
MI / mo$139.51$52.38
HOA / mo$92.00$92.00
Total monthly$2,539.30$2,112.14
Cash to close$0$29,100