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$322,005$306,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.770%7.400%
Blended rate7.320%7.640%
1st payment$2,144.14$2,118.68
2nd payment$0.00$0.00
Taxes / mo$185.79$185.79
Insurance / mo$150.00$150.00
MI / mo$151.21$61.20
HOA / mo$150.00$150.00
Total monthly$2,781.13$2,665.67
Cash to close$17,995$34,000