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$197,951$193,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$1,292.19$1,339.75
2nd payment$0.00$0.00
Taxes / mo$33.50$33.50
Insurance / mo$150.00$150.00
MI / mo$92.26$38.70
HOA / mo$225.00$225.00
Total monthly$1,792.94$1,786.95
Cash to close$17,049$21,500