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$255,668$238,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,644.02$1,651.33
2nd payment$0.00$0.00
Taxes / mo$38.25$38.25
Insurance / mo$150.00$150.00
MI / mo$119.21$47.70
HOA / mo$62.50$62.50
Total monthly$2,013.98$1,949.78
Cash to close$9,332$26,500