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$278,271$270,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.400%
Blended rate7.290%7.640%
1st payment$1,825.88$1,869.43
2nd payment$0.00$0.00
Taxes / mo$6.83$6.83
Insurance / mo$150.00$150.00
MI / mo$129.16$54.00
HOA / mo$0.00$0.00
Total monthly$2,111.88$2,080.26
Cash to close$21,729$30,000