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$356,602$324,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate6.820%7.640%
1st payment$2,302.20$2,243.31
2nd payment$0.00$0.00
Taxes / mo$118.08$118.08
Insurance / mo$150.00$150.00
MI / mo$171.01$64.80
HOA / mo$22.83$22.83
Total monthly$2,764.13$2,599.02
Cash to close$3,398$36,000