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$278,206$265,491
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$1,912.70$1,838.21
2nd payment$0.00$0.00
Taxes / mo$130.42$130.42
Insurance / mo$150.00$150.00
MI / mo$130.58$53.10
HOA / mo$86.00$86.00
Total monthly$2,409.69$2,257.72
Cash to close$16,784$29,499