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$260,399$260,460
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$1,744.04$1,803.37
2nd payment$0.00$0.00
Taxes / mo$61.00$61.00
Insurance / mo$150.00$150.00
MI / mo$123.75$52.09
HOA / mo$240.00$240.00
Total monthly$2,318.79$2,306.46
Cash to close$29,001$28,940