Sophia Sommer | The Sommer Group

Sophia Sommer

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail	Assumable Loan Assumable · FHA	Assumable Loan + Second Assumable · FHA	Current Market Conventional New · Conventional
Loan amount	$73,055	$73,055	$315,000
Remaining term (yrs)	21.5	21.5	30.0
Secondary amount	$0	$241,945	$0
Funding fee	$0	$0	$0
Note rate	4.330%	4.330%	7.400%
Blended rate	5.180%	7.154%	7.640%
1st payment	$434.58	$434.58	$2,181.00
2nd payment	$0.00	$1,562.56	$0.00
Taxes / mo	$61.83	$61.83	$61.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$61.98	$61.98	$63.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$708.40	$2,270.96	$2,455.83
Cash to close	$276,945	$35,000	$35,000