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$348,565$269,100
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.100%7.400%
Blended rate5.950%7.640%
1st payment$2,025.30$1,863.19
2nd payment$0.00$0.00
Taxes / mo$106.92$106.92
Insurance / mo$150.00$150.00
MI / mo$264.22$53.82
HOA / mo$295.00$295.00
Total monthly$2,841.44$2,468.93
Cash to close$0$29,900