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$277,012$216,900
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.400%
Blended rate7.210%7.640%
1st payment$1,806.27$1,501.77
2nd payment$0.00$0.00
Taxes / mo$154.17$154.17
Insurance / mo$150.00$150.00
MI / mo$132.91$43.38
HOA / mo$45.00$45.00
Total monthly$2,288.34$1,894.32
Cash to close$0$24,100