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$198,835$119,700
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$1,287.78$828.78
2nd payment$0.00$0.00
Taxes / mo$26.25$26.25
Insurance / mo$150.00$150.00
MI / mo$94.96$23.94
HOA / mo$250.00$250.00
Total monthly$1,808.99$1,278.97
Cash to close$0$13,300