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	$445,916	$422,991
Remaining term (yrs)	29.7	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	6.360%	7.400%
Blended rate	6.910%	7.640%
1st payment	$2,782.74	$2,928.70
2nd payment	$0.00	$0.00
Taxes / mo	$1.67	$1.67
Insurance / mo	$166.67	$166.67
MI / mo	$204.76	$84.60
HOA / mo	$107.00	$107.00
Total monthly	$3,262.84	$3,288.64
Cash to close	$24,074	$46,999