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$294,795$247,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$1,735.58$1,713.64
2nd payment$0.00$0.00
Taxes / mo$47.67$47.67
Insurance / mo$150.00$150.00
MI / mo$223.13$49.50
HOA / mo$90.00$90.00
Total monthly$2,246.38$2,050.81
Cash to close$0$27,500