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	$318,253	$318,253	$517,500
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$199,247	$0
Funding fee	$1,591	$1,591	$0
Note rate	2.770%	2.770%	7.400%
Blended rate	2.770%	4.784%	7.640%
1st payment	$1,499.39	$1,499.39	$3,583.07
2nd payment	$0.00	$1,328.31	$0.00
Taxes / mo	$458.83	$458.83	$458.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$103.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,124.89	$3,453.20	$4,312.07
Cash to close	$256,747	$57,500	$57,500