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	$380,578	$368,550
Remaining term (yrs)	27.4	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	4.875%	7.400%
Blended rate	5.425%	7.640%
1st payment	$2,096.10	$2,551.77
2nd payment	$0.00	$0.00
Taxes / mo	$115.92	$115.92
Insurance / mo	$0.00	$0.00
MI / mo	$181.54	$73.71
HOA / mo	$62.00	$62.00
Total monthly	$2,455.56	$2,803.39
Cash to close	$28,922	$40,950