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$271,331$265,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$1,822.65$1,838.27
2nd payment$0.00$0.00
Taxes / mo$89.67$89.67
Insurance / mo$150.00$150.00
MI / mo$127.36$53.10
HOA / mo$0.00$0.00
Total monthly$2,189.68$2,131.04
Cash to close$23,669$29,500