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	$306,626	$314,100
Remaining term (yrs)	27.6	30.0
Secondary amount	$0	$0
Funding fee	$0	$0
Note rate	6.950%	7.400%
Blended rate	7.500%	7.640%
1st payment	$2,079.87	$2,174.76
2nd payment	$0.00	$0.00
Taxes / mo	$73.42	$73.42
Insurance / mo	$150.00	$150.00
MI / mo	$144.01	$62.82
HOA / mo	$0.00	$0.00
Total monthly	$2,447.29	$2,461.00
Cash to close	$42,374	$34,900