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	$303,517	$296,910
Remaining term (yrs)	28.9	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	6.500%	7.400%
Blended rate	7.050%	7.640%
1st payment	$1,940.12	$2,055.74
2nd payment	$0.00	$0.00
Taxes / mo	$123.42	$123.42
Insurance / mo	$150.00	$150.00
MI / mo	$140.68	$59.38
HOA / mo	$130.00	$130.00
Total monthly	$2,484.22	$2,518.54
Cash to close	$26,383	$32,990