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	$177,979	$177,979	$247,499
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$69,520	$0
Funding fee	$0	$0	$0
Note rate	2.810%	2.810%	7.400%
Blended rate	3.660%	5.160%	7.640%
1st payment	$836.18	$836.18	$1,713.63
2nd payment	$0.00	$521.40	$0.00
Taxes / mo	$105.67	$105.67	$105.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$143.96	$143.96	$49.50
HOA / mo	$144.00	$144.00	$144.00
Total monthly	$1,379.81	$1,901.21	$2,162.80
Cash to close	$97,020	$27,500	$27,500