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	$33,071	$33,071	$225,000
Remaining term (yrs)	6.0	6.0	30.0
Secondary amount	$0	$191,929	$0
Funding fee	$165	$165	$0
Note rate	6.490%	6.490%	7.400%
Blended rate	6.490%	7.778%	7.640%
1st payment	$549.54	$549.54	$1,557.85
2nd payment	$0.00	$1,279.53	$0.00
Taxes / mo	$56.83	$56.83	$56.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$45.00
HOA / mo	$288.00	$288.00	$288.00
Total monthly	$1,044.37	$2,323.90	$2,097.69
Cash to close	$216,929	$25,000	$25,000