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	$224,035	$224,035	$445,500
Remaining term (yrs)	19.7	19.7	30.0
Secondary amount	$0	$221,465	$0
Funding fee	$1,120	$1,120	$0
Note rate	3.600%	3.600%	7.400%
Blended rate	3.600%	5.663%	7.640%
1st payment	$1,318.38	$1,318.38	$3,084.55
2nd payment	$0.00	$1,430.30	$0.00
Taxes / mo	$202.33	$202.33	$202.33
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$89.10
HOA / mo	$38.00	$38.00	$38.00
Total monthly	$1,725.38	$3,155.68	$3,580.65
Cash to close	$270,965	$49,500	$49,500