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	$128,300	$128,300	$337,410
Remaining term (yrs)	19.5	19.5	30.0
Secondary amount	$0	$209,110	$0
Funding fee	$0	$0	$0
Note rate	3.970%	3.970%	7.400%
Blended rate	4.820%	6.636%	7.640%
1st payment	$786.27	$786.27	$2,336.16
2nd payment	$0.00	$1,350.50	$0.00
Taxes / mo	$118.50	$118.50	$118.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$117.08	$117.08	$67.48
HOA / mo	$305.00	$305.00	$305.00
Total monthly	$1,476.86	$2,827.36	$2,977.14
Cash to close	$246,600	$37,490	$37,490