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$390,671$306,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$2,245.93$2,118.68
2nd payment$0.00$0.00
Taxes / mo$241.08$241.08
Insurance / mo$150.00$150.00
MI / mo$297.02$61.20
HOA / mo$123.00$123.00
Total monthly$3,057.03$2,693.97
Cash to close$0$34,000