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	$93,736	$93,736	$378,000
Remaining term (yrs)	15.2	15.2	30.0
Secondary amount	$0	$284,264	$0
Funding fee	$469	$469	$0
Note rate	3.990%	3.990%	7.400%
Blended rate	3.990%	6.818%	7.640%
1st payment	$681.88	$681.88	$2,617.20
2nd payment	$0.00	$1,835.87	$0.00
Taxes / mo	$118.67	$118.67	$118.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$75.60
HOA / mo	$74.00	$74.00	$74.00
Total monthly	$1,024.55	$2,860.42	$3,035.46
Cash to close	$326,264	$42,000	$42,000