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$234,606$175,500
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$1,514.60$1,215.13
2nd payment$0.00$0.00
Taxes / mo$73.42$73.42
Insurance / mo$150.00$150.00
MI / mo$112.51$35.10
HOA / mo$225.00$225.00
Total monthly$2,075.53$1,698.64
Cash to close$0$19,500