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$260,198$238,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.580%7.400%
Blended rate7.430%7.640%
1st payment$1,739.08$1,651.33
2nd payment$0.00$0.00
Taxes / mo$141.75$141.75
Insurance / mo$150.00$150.00
MI / mo$193.28$47.70
HOA / mo$80.00$80.00
Total monthly$2,304.11$2,070.78
Cash to close$4,802$26,500