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	$306,266	$310,500
Remaining term (yrs)	24.9	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	2.770%	7.400%
Blended rate	3.620%	7.640%
1st payment	$1,415.98	$2,149.84
2nd payment	$0.00	$0.00
Taxes / mo	$168.75	$168.75
Insurance / mo	$150.00	$150.00
MI / mo	$245.05	$62.10
HOA / mo	$89.00	$89.00
Total monthly	$2,068.78	$2,619.69
Cash to close	$38,734	$34,500