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	$314,239	$292,500
Remaining term (yrs)	29.3	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	6.180%	7.400%
Blended rate	6.730%	7.640%
1st payment	$1,933.76	$2,025.21
2nd payment	$0.00	$0.00
Taxes / mo	$163.33	$163.33
Insurance / mo	$150.00	$150.00
MI / mo	$145.02	$58.50
HOA / mo	$75.00	$75.00
Total monthly	$2,467.11	$2,472.04
Cash to close	$10,761	$32,500