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$286,759$256,500
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.620%7.400%
Blended rate8.170%7.640%
1st payment$2,083.91$1,775.95
2nd payment$0.00$0.00
Taxes / mo$135.25$135.25
Insurance / mo$150.00$150.00
MI / mo$135.01$51.30
HOA / mo$52.00$52.00
Total monthly$2,556.17$2,164.50
Cash to close$0$28,500