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 · VA	Assumable Loan + Second Assumable · VA	Current Market Conventional New · Conventional
Loan amount	$278,692	$278,692	$557,910
Remaining term (yrs)	21.3	21.3	30.0
Secondary amount	$0	$279,218	$0
Funding fee	$1,393	$1,393	$0
Note rate	3.950%	3.950%	7.400%
Blended rate	3.950%	5.852%	7.640%
1st payment	$1,608.68	$1,608.68	$3,862.86
2nd payment	$0.00	$1,803.28	$0.00
Taxes / mo	$155.67	$155.67	$155.67
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$111.58
HOA / mo	$45.00	$45.00	$45.00
Total monthly	$1,976.01	$3,779.29	$4,341.77
Cash to close	$341,208	$61,990	$61,990