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$279,180$261,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$1,885.79$1,807.11
2nd payment$0.00$0.00
Taxes / mo$176.83$176.83
Insurance / mo$150.00$150.00
MI / mo$132.44$52.20
HOA / mo$56.00$56.00
Total monthly$2,401.07$2,242.14
Cash to close$10,820$29,000