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$264,560$204,750
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$1,723.55$1,417.65
2nd payment$0.00$0.00
Taxes / mo$11.00$11.00
Insurance / mo$150.00$150.00
MI / mo$123.31$40.95
HOA / mo$45.00$45.00
Total monthly$2,052.86$1,664.60
Cash to close$0$22,750