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$329,744$315,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,122.50$2,181.00
2nd payment$0.00$0.00
Taxes / mo$143.83$143.83
Insurance / mo$150.00$150.00
MI / mo$153.91$63.00
HOA / mo$49.00$49.00
Total monthly$2,619.24$2,586.83
Cash to close$20,256$35,000