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$301,344$265,500
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.790%7.400%
Blended rate8.340%7.640%
1st payment$2,224.30$1,838.27
2nd payment$0.00$0.00
Taxes / mo$119.42$119.42
Insurance / mo$150.00$150.00
MI / mo$141.76$53.10
HOA / mo$100.00$100.00
Total monthly$2,735.48$2,260.79
Cash to close$0$29,500