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$328,341$306,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$2,173.37$2,118.68
2nd payment$0.00$0.00
Taxes / mo$51.83$51.83
Insurance / mo$150.00$150.00
MI / mo$153.90$61.20
HOA / mo$0.00$0.00
Total monthly$2,529.10$2,381.72
Cash to close$11,659$34,000