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$289,945$287,010
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$1,974.33$1,987.20
2nd payment$0.00$0.00
Taxes / mo$121.58$121.58
Insurance / mo$150.00$150.00
MI / mo$136.15$57.40
HOA / mo$85.00$85.00
Total monthly$2,467.06$2,401.18
Cash to close$28,955$31,890