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$353,787$288,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.470%7.640%
1st payment$2,388.09$1,994.05
2nd payment$0.00$0.00
Taxes / mo$116.42$116.42
Insurance / mo$150.00$150.00
MI / mo$165.85$57.60
HOA / mo$74.00$74.00
Total monthly$2,894.36$2,392.07
Cash to close$0$32,000