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$408,458$314,999
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.200%7.400%
Blended rate6.750%7.640%
1st payment$2,555.85$2,180.99
2nd payment$0.00$0.00
Taxes / mo$96.83$96.83
Insurance / mo$150.00$150.00
MI / mo$191.26$63.00
HOA / mo$0.00$0.00
Total monthly$2,993.94$2,490.82
Cash to close$0$35,000