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	$104,067	$104,067	$333,000
Remaining term (yrs)	18.6	18.6	30.0
Secondary amount	$0	$228,933	$0
Funding fee	$0	$0	$0
Note rate	3.800%	3.800%	7.400%
Blended rate	4.650%	6.781%	7.640%
1st payment	$647.40	$647.40	$2,305.62
2nd payment	$0.00	$1,478.53	$0.00
Taxes / mo	$71.50	$71.50	$71.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$98.42	$98.42	$66.60
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$967.31	$2,445.84	$2,593.72
Cash to close	$265,933	$37,000	$37,000