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$311,140$243,000
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.220%7.400%
Blended rate6.770%7.640%
1st payment$1,924.64$1,682.48
2nd payment$0.00$0.00
Taxes / mo$38.75$38.75
Insurance / mo$150.00$150.00
MI / mo$143.72$48.60
HOA / mo$0.00$0.00
Total monthly$2,257.11$1,919.83
Cash to close$0$27,000