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	$326,917	$328,410
Remaining term (yrs)	25.5	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	3.760%	7.400%
Blended rate	4.610%	7.640%
1st payment	$1,659.46	$2,273.84
2nd payment	$0.00	$0.00
Taxes / mo	$146.08	$146.08
Insurance / mo	$150.00	$150.00
MI / mo	$253.50	$65.68
HOA / mo	$0.00	$0.00
Total monthly	$2,209.05	$2,635.61
Cash to close	$37,983	$36,490