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$264,969$202,860
Remaining term (yrs)22.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.090%7.400%
Blended rate6.640%7.640%
1st payment$1,786.52$1,404.56
2nd payment$0.00$0.00
Taxes / mo$103.92$103.92
Insurance / mo$150.00$150.00
MI / mo$126.01$40.57
HOA / mo$0.00$0.00
Total monthly$2,166.45$1,699.05
Cash to close$0$22,540