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$212,089$179,910
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$1,380.44$1,245.66
2nd payment$0.00$0.00
Taxes / mo$6.25$6.25
Insurance / mo$150.00$150.00
MI / mo$98.56$35.98
HOA / mo$0.00$0.00
Total monthly$1,635.24$1,437.89
Cash to close$0$19,990