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$383,927$315,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$2,583.99$2,181.00
2nd payment$0.00$0.00
Taxes / mo$212.08$212.08
Insurance / mo$150.00$150.00
MI / mo$180.01$63.00
HOA / mo$86.00$86.00
Total monthly$3,212.08$2,692.08
Cash to close$0$35,000