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$183,571$144,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.400%
Blended rate6.070%7.640%
1st payment$1,073.17$997.03
2nd payment$0.00$0.00
Taxes / mo$45.42$45.42
Insurance / mo$150.00$150.00
MI / mo$138.12$28.80
HOA / mo$110.00$110.00
Total monthly$1,516.71$1,331.24
Cash to close$0$16,000