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$255,771$134,999
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$1,698.04$934.71
2nd payment$0.00$0.00
Taxes / mo$78.67$78.67
Insurance / mo$150.00$150.00
MI / mo$119.26$27.00
HOA / mo$0.00$0.00
Total monthly$2,045.97$1,190.37
Cash to close$0$15,000