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$354,308$306,000
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,271.46$2,118.68
2nd payment$0.00$0.00
Taxes / mo$163.67$163.67
Insurance / mo$150.00$150.00
MI / mo$164.71$61.20
HOA / mo$31.67$31.67
Total monthly$2,781.51$2,525.22
Cash to close$0$34,000