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$295,411$242,100
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.520%7.400%
Blended rate6.370%7.640%
1st payment$1,787.90$1,676.25
2nd payment$0.00$0.00
Taxes / mo$115.08$115.08
Insurance / mo$150.00$150.00
MI / mo$222.55$48.42
HOA / mo$75.00$75.00
Total monthly$2,350.53$2,064.75
Cash to close$0$26,900