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	$259,116	$261,000
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	$1,525.52	$1,807.11
2nd payment	$0.00	$0.00
Taxes / mo	$116.50	$116.50
Insurance / mo	$150.00	$150.00
MI / mo	$196.12	$52.20
HOA / mo	$0.00	$0.00
Total monthly	$1,988.15	$2,125.81
Cash to close	$30,884	$29,000