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$312,695$247,491
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$2,123.21$1,713.58
2nd payment$0.00$0.00
Taxes / mo$135.33$135.33
Insurance / mo$150.00$150.00
MI / mo$147.16$49.50
HOA / mo$125.00$125.00
Total monthly$2,680.70$2,173.41
Cash to close$0$27,499