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	$419,925	$404,910
Remaining term (yrs)	25.7	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	5.230%	7.400%
Blended rate	6.080%	7.640%
1st payment	$2,472.28	$2,803.52
2nd payment	$0.00	$0.00
Taxes / mo	$247.33	$247.33
Insurance / mo	$150.00	$150.00
MI / mo	$317.84	$80.98
HOA / mo	$126.50	$126.50
Total monthly	$3,313.95	$3,408.33
Cash to close	$29,975	$44,990