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$324,478$280,800
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.770%7.640%
1st payment$2,239.26$1,944.20
2nd payment$0.00$0.00
Taxes / mo$90.83$90.83
Insurance / mo$150.00$150.00
MI / mo$240.35$56.16
HOA / mo$46.00$46.00
Total monthly$2,766.44$2,287.20
Cash to close$0$31,200