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	$124,740	$124,740	$332,100
Remaining term (yrs)	20.7	20.7	30.0
Secondary amount	$0	$207,360	$0
Funding fee	$0	$0	$0
Note rate	4.010%	4.010%	7.400%
Blended rate	4.860%	6.664%	7.640%
1st payment	$736.85	$736.85	$2,299.39
2nd payment	$0.00	$1,339.20	$0.00
Taxes / mo	$119.25	$119.25	$119.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$109.19	$109.19	$66.42
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,115.30	$2,454.50	$2,635.06
Cash to close	$244,260	$36,900	$36,900