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	$312,825	$312,825	$423,000
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$110,175	$0
Funding fee	$0	$0	$0
Note rate	2.990%	2.990%	7.400%
Blended rate	3.840%	4.924%	7.640%
1st payment	$1,488.52	$1,488.52	$2,928.77
2nd payment	$0.00	$734.50	$0.00
Taxes / mo	$267.08	$267.08	$267.08
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$250.41	$250.41	$84.60
HOA / mo	$126.00	$126.00	$126.00
Total monthly	$2,298.67	$3,033.17	$3,573.12
Cash to close	$157,175	$47,000	$47,000