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$342,217$260,100
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.310%7.400%
Blended rate7.160%7.640%
1st payment$2,220.66$1,800.88
2nd payment$0.00$0.00
Taxes / mo$89.08$89.08
Insurance / mo$150.00$150.00
MI / mo$253.86$52.02
HOA / mo$0.00$0.00
Total monthly$2,713.60$2,091.98
Cash to close$0$28,900