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$286,112$288,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$1,922.28$1,994.05
2nd payment$0.00$0.00
Taxes / mo$106.83$106.83
Insurance / mo$150.00$150.00
MI / mo$134.87$57.60
HOA / mo$0.00$0.00
Total monthly$2,313.99$2,308.49
Cash to close$33,888$32,000