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$141,689$125,775
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$970.87$870.84
2nd payment$0.00$0.00
Taxes / mo$21.00$21.00
Insurance / mo$150.00$150.00
MI / mo$67.16$25.16
HOA / mo$0.00$0.00
Total monthly$1,209.02$1,067.00
Cash to close$0$13,975