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	$0	$0	$305,991
Remaining term (yrs)	—	—	30.0
Secondary amount	$0	$305,991	$0
Funding fee	$0	$0	$0
Note rate	0.000%	0.000%	7.400%
Blended rate	0.850%	7.750%	7.640%
1st payment	$0.00	$0.00	$2,118.62
2nd payment	$0.00	$1,976.19	$0.00
Taxes / mo	$30.25	$30.25	$30.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$61.20
HOA / mo	$120.00	$120.00	$120.00
Total monthly	$300.25	$2,276.44	$2,480.07
Cash to close	$339,990	$33,999	$33,999