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	$322,151	$315,000
Remaining term (yrs)	24.8	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	2.980%	7.400%
Blended rate	3.830%	7.640%
1st payment	$1,527.76	$2,181.00
2nd payment	$0.00	$0.00
Taxes / mo	$225.17	$225.17
Insurance / mo	$150.00	$150.00
MI / mo	$257.34	$63.00
HOA / mo	$80.00	$80.00
Total monthly	$2,240.27	$2,699.16
Cash to close	$27,849	$35,000