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	$311,662	$311,662	$328,500
Remaining term (yrs)	27.3	27.3	30.0
Secondary amount	$0	$35,088	$0
Funding fee	$0	$0	$0
Note rate	7.030%	7.030%	7.400%
Blended rate	7.580%	8.015%	7.640%
1st payment	$2,138.84	$2,138.84	$2,274.47
2nd payment	$0.00	$347.22	$0.00
Taxes / mo	$215.58	$215.58	$215.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$146.90	$146.90	$65.70
HOA / mo	$168.00	$168.00	$168.00
Total monthly	$2,819.32	$3,166.54	$2,873.75
Cash to close	$53,338	$18,250	$36,500