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	$107,383	$107,383	$135,000
Remaining term (yrs)	27.7	27.7	30.0
Secondary amount	$0	$27,617	$0
Funding fee	$0	$0	$0
Note rate	7.030%	7.030%	7.400%
Blended rate	7.580%	7.870%	7.640%
1st payment	$733.32	$733.32	$934.71
2nd payment	$0.00	$207.13	$0.00
Taxes / mo	$22.25	$22.25	$22.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$50.37	$50.37	$27.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$955.93	$1,163.06	$1,133.96
Cash to close	$42,617	$15,000	$15,000