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$308,301$260,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,082.50$1,806.49
2nd payment$0.00$0.00
Taxes / mo$57.58$57.58
Insurance / mo$150.00$150.00
MI / mo$146.26$52.18
HOA / mo$30.00$30.00
Total monthly$2,466.35$2,096.25
Cash to close$0$28,990