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$288,440$279,000
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$1,868.24$1,931.74
2nd payment$0.00$0.00
Taxes / mo$78.08$78.08
Insurance / mo$150.00$150.00
MI / mo$133.66$55.80
HOA / mo$0.00$0.00
Total monthly$2,229.98$2,215.62
Cash to close$21,560$31,000