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	$494,836	$485,100
Remaining term (yrs)	29.5	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	6.000%	7.400%
Blended rate	6.550%	7.640%
1st payment	$2,981.78	$3,358.73
2nd payment	$0.00	$0.00
Taxes / mo	$229.75	$229.75
Insurance / mo	$166.67	$166.67
MI / mo	$227.95	$97.02
HOA / mo	$103.33	$103.33
Total monthly	$3,709.47	$3,955.50
Cash to close	$44,164	$53,900