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$258,251$206,100
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$1,649.60$1,426.99
2nd payment$0.00$0.00
Taxes / mo$94.42$94.42
Insurance / mo$150.00$150.00
MI / mo$121.51$41.22
HOA / mo$55.00$55.00
Total monthly$2,070.53$1,767.63
Cash to close$0$22,900