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	$110,702	$110,702	$328,500
Remaining term (yrs)	18.5	18.5	30.0
Secondary amount	$0	$217,798	$0
Funding fee	$0	$0	$0
Note rate	3.710%	3.710%	7.400%
Blended rate	4.560%	6.675%	7.640%
1st payment	$687.80	$687.80	$2,274.47
2nd payment	$0.00	$1,406.61	$0.00
Taxes / mo	$120.42	$120.42	$120.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$105.72	$105.72	$65.70
HOA / mo	$127.00	$127.00	$127.00
Total monthly	$1,190.93	$2,597.54	$2,737.58
Cash to close	$254,298	$36,500	$36,500