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	$374,405	$373,500
Remaining term (yrs)	27.3	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	6.630%	7.400%
Blended rate	7.180%	7.640%
1st payment	$2,472.05	$2,586.04
2nd payment	$0.00	$0.00
Taxes / mo	$208.58	$208.58
Insurance / mo	$150.00	$150.00
MI / mo	$176.86	$74.70
HOA / mo	$95.00	$95.00
Total monthly	$3,102.49	$3,114.32
Cash to close	$40,595	$41,500