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	$363,009	$350,100
Remaining term (yrs)	27.9	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	5.625%	7.400%
Blended rate	6.175%	7.640%
1st payment	$2,147.87	$2,424.02
2nd payment	$0.00	$0.00
Taxes / mo	$142.92	$142.92
Insurance / mo	$0.00	$0.00
MI / mo	$171.01	$70.02
HOA / mo	$74.00	$74.00
Total monthly	$2,535.79	$2,710.96
Cash to close	$25,991	$38,900