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$230,853$202,410
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate6.820%7.640%
1st payment$1,490.37$1,401.45
2nd payment$0.00$0.00
Taxes / mo$37.50$37.50
Insurance / mo$150.00$150.00
MI / mo$110.71$40.48
HOA / mo$175.00$175.00
Total monthly$1,963.58$1,804.43
Cash to close$0$22,490