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$349,807$288,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.770%7.400%
Blended rate7.320%7.640%
1st payment$2,329.26$1,994.05
2nd payment$0.00$0.00
Taxes / mo$159.58$159.58
Insurance / mo$150.00$150.00
MI / mo$164.26$57.60
HOA / mo$0.00$0.00
Total monthly$2,803.11$2,361.24
Cash to close$0$32,000