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	$362,112	$359,910
Remaining term (yrs)	25.5	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	3.690%	7.400%
Blended rate	4.540%	7.640%
1st payment	$1,824.27	$2,491.94
2nd payment	$0.00	$0.00
Taxes / mo	$182.75	$182.75
Insurance / mo	$150.00	$150.00
MI / mo	$281.08	$71.98
HOA / mo	$67.00	$67.00
Total monthly	$2,505.11	$2,963.68
Cash to close	$37,788	$39,990