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$293,471$261,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,892.89$1,807.11
2nd payment$0.00$0.00
Taxes / mo$64.00$64.00
Insurance / mo$150.00$150.00
MI / mo$137.26$52.20
HOA / mo$0.00$0.00
Total monthly$2,244.15$2,073.31
Cash to close$0$29,000