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$317,283$315,000
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.840%7.400%
Blended rate7.390%7.640%
1st payment$2,104.71$2,181.00
2nd payment$0.00$0.00
Taxes / mo$171.67$171.67
Insurance / mo$150.00$150.00
MI / mo$147.37$63.00
HOA / mo$85.00$85.00
Total monthly$2,658.74$2,650.66
Cash to close$32,717$35,000