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$219,391$198,000
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$1,399.72$1,370.91
2nd payment$0.00$0.00
Taxes / mo$79.33$79.33
Insurance / mo$150.00$150.00
MI / mo$163.44$39.60
HOA / mo$0.00$0.00
Total monthly$1,792.49$1,639.85
Cash to close$609$22,000