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	$347,970	$302,310
Remaining term (yrs)	25.5	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	4.170%	7.400%
Blended rate	5.020%	7.640%
1st payment	$1,842.00	$2,093.13
2nd payment	$0.00	$0.00
Taxes / mo	$150.83	$150.83
Insurance / mo	$150.00	$150.00
MI / mo	$267.77	$60.46
HOA / mo	$0.00	$0.00
Total monthly	$2,410.60	$2,454.43
Cash to close	$0	$33,590