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$356,386$245,700
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.450%7.400%
Blended rate4.300%7.640%
1st payment$1,752.70$1,701.18
2nd payment$0.00$0.00
Taxes / mo$94.67$94.67
Insurance / mo$150.00$150.00
MI / mo$278.20$49.14
HOA / mo$104.00$104.00
Total monthly$2,379.57$2,098.98
Cash to close$0$27,300