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$206,586$135,000
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.880%7.400%
Blended rate3.730%7.640%
1st payment$962.44$934.71
2nd payment$0.00$0.00
Taxes / mo$50.92$50.92
Insurance / mo$150.00$150.00
MI / mo$164.21$27.00
HOA / mo$0.00$0.00
Total monthly$1,327.56$1,162.63
Cash to close$0$15,000