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	$90,591	$76,230
Remaining term (yrs)	24.2	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	2.770%	7.400%
Blended rate	3.620%	7.640%
1st payment	$426.80	$527.80
2nd payment	$0.00	$0.00
Taxes / mo	$44.25	$44.25
Insurance / mo	$150.00	$150.00
MI / mo	$73.86	$15.25
HOA / mo	$0.00	$0.00
Total monthly	$694.92	$737.30
Cash to close	$0	$8,470