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$255,650$215,910
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.800%7.640%
1st payment$1,767.23$1,494.92
2nd payment$0.00$0.00
Taxes / mo$117.75$117.75
Insurance / mo$150.00$150.00
MI / mo$189.11$43.18
HOA / mo$66.00$66.00
Total monthly$2,290.09$1,871.85
Cash to close$0$23,990