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	$165,660	$165,660	$305,998
Remaining term (yrs)	21.7	21.7	30.0
Secondary amount	$0	$140,338	$0
Funding fee	$0	$0	$0
Note rate	4.660%	4.660%	7.400%
Blended rate	5.510%	6.652%	7.640%
1st payment	$1,008.70	$1,008.70	$2,118.67
2nd payment	$0.00	$935.59	$0.00
Taxes / mo	$91.92	$91.92	$91.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$138.40	$138.40	$61.20
HOA / mo	$104.33	$104.33	$104.33
Total monthly	$1,493.35	$2,428.94	$2,526.12
Cash to close	$174,338	$34,000	$34,000