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	$214,961	$212,400
Remaining term (yrs)	24.5	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	2.810%	7.400%
Blended rate	3.660%	7.640%
1st payment	$1,009.93	$1,470.61
2nd payment	$0.00	$0.00
Taxes / mo	$78.75	$78.75
Insurance / mo	$150.00	$150.00
MI / mo	$173.88	$42.48
HOA / mo	$0.00	$0.00
Total monthly	$1,412.56	$1,741.84
Cash to close	$21,039	$23,600