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	$131,377	$131,377	$184,500
Remaining term (yrs)	22.3	22.3	30.0
Secondary amount	$0	$53,123	$0
Funding fee	$0	$0	$0
Note rate	4.510%	4.510%	7.400%
Blended rate	5.360%	6.408%	7.640%
1st payment	$777.02	$777.02	$1,277.44
2nd payment	$0.00	$398.42	$0.00
Taxes / mo	$55.42	$55.42	$55.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$108.50	$108.50	$36.90
HOA / mo	$300.00	$300.00	$300.00
Total monthly	$1,390.94	$1,789.36	$1,819.76
Cash to close	$73,623	$20,500	$20,500