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	$100,597	$100,597	$288,000
Remaining term (yrs)	18.2	18.2	30.0
Secondary amount	$0	$187,403	$0
Funding fee	$0	$0	$0
Note rate	4.000%	4.000%	7.400%
Blended rate	4.850%	6.900%	7.640%
1st payment	$645.96	$645.96	$1,994.05
2nd payment	$0.00	$1,249.35	$0.00
Taxes / mo	$129.42	$129.42	$129.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$95.84	$95.84	$57.60
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,021.22	$2,270.57	$2,331.07
Cash to close	$219,403	$32,000	$32,000