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$246,212$162,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$1,649.02$1,121.66
2nd payment$0.00$0.00
Taxes / mo$54.33$54.33
Insurance / mo$150.00$150.00
MI / mo$117.01$32.40
HOA / mo$0.00$0.00
Total monthly$1,970.37$1,358.39
Cash to close$0$18,000