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$348,577$336,600
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,252.99$2,330.55
2nd payment$0.00$0.00
Taxes / mo$88.92$88.92
Insurance / mo$150.00$150.00
MI / mo$163.37$67.32
HOA / mo$31.67$31.67
Total monthly$2,686.95$2,668.46
Cash to close$25,423$37,400