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$260,375$207,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.660%7.400%
Blended rate7.510%7.640%
1st payment$1,753.51$1,433.23
2nd payment$0.00$0.00
Taxes / mo$141.75$141.75
Insurance / mo$150.00$150.00
MI / mo$193.28$41.40
HOA / mo$66.00$66.00
Total monthly$2,304.54$1,832.38
Cash to close$0$23,000