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$344,345$288,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$2,302.06$1,994.05
2nd payment$0.00$0.00
Taxes / mo$47.08$47.08
Insurance / mo$150.00$150.00
MI / mo$162.01$57.60
HOA / mo$0.00$0.00
Total monthly$2,661.16$2,248.74
Cash to close$0$32,000