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$239,934$225,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$1,647.99$1,557.85
2nd payment$0.00$0.00
Taxes / mo$99.67$99.67
Insurance / mo$150.00$150.00
MI / mo$112.51$45.00
HOA / mo$0.00$0.00
Total monthly$2,010.16$1,852.52
Cash to close$10,066$25,000