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$287,505$243,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$1,900.77$1,682.48
2nd payment$0.00$0.00
Taxes / mo$100.00$100.00
Insurance / mo$150.00$150.00
MI / mo$137.26$48.60
HOA / mo$66.67$66.67
Total monthly$2,354.70$2,047.75
Cash to close$0$27,000