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$124,589$80,100
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$848.37$554.60
2nd payment$0.00$0.00
Taxes / mo$27.33$27.33
Insurance / mo$150.00$150.00
MI / mo$58.50$16.02
HOA / mo$146.00$146.00
Total monthly$1,230.21$893.95
Cash to close$0$8,900