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$285,142$278,100
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.400%
Blended rate7.210%7.640%
1st payment$1,859.28$1,925.51
2nd payment$0.00$0.00
Taxes / mo$149.75$149.75
Insurance / mo$150.00$150.00
MI / mo$136.81$55.62
HOA / mo$0.00$0.00
Total monthly$2,295.84$2,280.88
Cash to close$23,858$30,900