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$375,715$279,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,504.23$1,931.74
2nd payment$0.00$0.00
Taxes / mo$250.25$250.25
Insurance / mo$150.00$150.00
MI / mo$176.42$55.80
HOA / mo$153.00$153.00
Total monthly$3,233.89$2,540.79
Cash to close$0$31,000