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	$148,521	$148,521	$567,000
Remaining term (yrs)	14.2	14.2	30.0
Secondary amount	$0	$418,479	$0
Funding fee	$0	$0	$0
Note rate	4.250%	4.250%	7.400%
Blended rate	5.100%	7.056%	7.640%
1st payment	$1,154.52	$1,154.52	$3,925.79
2nd payment	$0.00	$2,702.68	$0.00
Taxes / mo	$201.33	$201.33	$201.33
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$166.24	$166.24	$113.40
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,688.76	$4,391.43	$4,407.19
Cash to close	$481,479	$63,000	$63,000