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$139,347$135,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$932.37$934.71
2nd payment$0.00$0.00
Taxes / mo$31.25$31.25
Insurance / mo$150.00$150.00
MI / mo$65.22$27.00
HOA / mo$240.00$240.00
Total monthly$1,418.84$1,382.96
Cash to close$10,653$15,000