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$333,437$260,100
Remaining term (yrs)22.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$2,307.93$1,800.88
2nd payment$0.00$0.00
Taxes / mo$116.25$116.25
Insurance / mo$150.00$150.00
MI / mo$158.86$52.02
HOA / mo$125.00$125.00
Total monthly$2,858.04$2,244.15
Cash to close$0$28,900