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$388,643$310,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.060%7.400%
Blended rate7.610%7.640%
1st payment$2,661.71$2,149.84
2nd payment$0.00$0.00
Taxes / mo$122.25$122.25
Insurance / mo$150.00$150.00
MI / mo$182.26$62.10
HOA / mo$0.00$0.00
Total monthly$3,116.22$2,484.19
Cash to close$0$34,500