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$379,961$278,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$2,567.27$1,931.12
2nd payment$0.00$0.00
Taxes / mo$236.00$236.00
Insurance / mo$150.00$150.00
MI / mo$177.76$55.78
HOA / mo$96.00$96.00
Total monthly$3,227.02$2,468.90
Cash to close$0$30,990