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$373,494$351,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate6.820%7.640%
1st payment$2,411.25$2,430.25
2nd payment$0.00$0.00
Taxes / mo$153.42$153.42
Insurance / mo$150.00$150.00
MI / mo$179.11$70.20
HOA / mo$0.00$0.00
Total monthly$2,893.78$2,803.87
Cash to close$16,506$39,000