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$345,648$330,210
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,231.73$2,286.31
2nd payment$0.00$0.00
Taxes / mo$98.92$98.92
Insurance / mo$150.00$150.00
MI / mo$161.83$66.04
HOA / mo$0.00$0.00
Total monthly$2,642.48$2,601.27
Cash to close$21,252$36,690