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$360,927$332,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$2,386.18$2,299.39
2nd payment$0.00$0.00
Taxes / mo$94.83$94.83
Insurance / mo$150.00$150.00
MI / mo$172.31$66.42
HOA / mo$191.00$191.00
Total monthly$2,994.33$2,801.65
Cash to close$8,073$36,900