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$192,884$174,960
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.160%7.400%
Blended rate6.710%7.640%
1st payment$1,185.68$1,211.39
2nd payment$0.00$0.00
Taxes / mo$40.75$40.75
Insurance / mo$150.00$150.00
MI / mo$89.11$34.99
HOA / mo$235.00$235.00
Total monthly$1,700.53$1,672.13
Cash to close$1,516$19,440