Sophia Sommer | The Sommer Group

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Payment stack including taxes, insurance, and HOA

Down payment / equity bring-to

Detail	Assumable Loan Assumable · FHA	Current Market Conventional New · Conventional
Loan amount	$292,800	$263,250
Remaining term (yrs)	25.6	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	4.170%	7.400%
Blended rate	5.020%	7.640%
1st payment	$1,547.15	$1,822.69
2nd payment	$0.00	$0.00
Taxes / mo	$118.60	$118.60
Insurance / mo	$150.00	$150.00
MI / mo	$224.91	$52.65
HOA / mo	$95.00	$95.00
Total monthly	$2,135.66	$2,238.93
Cash to close	$0	$29,250