Sophia Sommer | The Sommer Group

Sophia Sommer

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail	Assumable Loan Assumable · FHA	Assumable Loan + Second Assumable · FHA	Current Market Conventional New · Conventional
Loan amount	$166,135	$166,135	$315,000
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$148,865	$0
Funding fee	$0	$0	$0
Note rate	2.670%	2.670%	7.400%
Blended rate	3.520%	5.637%	7.640%
1st payment	$772.39	$772.39	$2,181.00
2nd payment	$0.00	$992.43	$0.00
Taxes / mo	$231.00	$231.00	$231.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$135.42	$135.42	$63.00
HOA / mo	$291.33	$291.33	$291.33
Total monthly	$1,580.14	$2,572.57	$2,916.33
Cash to close	$183,865	$35,000	$35,000