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	$300,134	$300,134	$346,496
Remaining term (yrs)	27.2	27.2	30.0
Secondary amount	$0	$46,362	$0
Funding fee	$0	$0	$0
Note rate	7.440%	7.440%	7.400%
Blended rate	7.990%	8.125%	7.640%
1st payment	$2,143.04	$2,143.04	$2,399.06
2nd payment	$0.00	$347.71	$0.00
Taxes / mo	$142.50	$142.50	$142.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$141.31	$141.31	$69.30
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,576.84	$2,924.56	$2,760.86
Cash to close	$84,861	$38,500	$38,500