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	$326,861	$314,100
Remaining term (yrs)	25.3	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	3.050%	7.400%
Blended rate	3.900%	7.640%
1st payment	$1,541.49	$2,174.76
2nd payment	$0.00	$0.00
Taxes / mo	$164.33	$164.33
Insurance / mo	$150.00	$150.00
MI / mo	$257.34	$62.82
HOA / mo	$193.00	$193.00
Total monthly	$2,306.16	$2,744.92
Cash to close	$22,139	$34,900