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$227,456$224,100
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.490%7.400%
Blended rate8.040%7.640%
1st payment$1,634.73$1,551.62
2nd payment$0.00$0.00
Taxes / mo$153.42$153.42
Insurance / mo$150.00$150.00
MI / mo$107.26$44.82
HOA / mo$91.00$91.00
Total monthly$2,136.41$1,990.86
Cash to close$21,544$24,900