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	$140,580	$140,580	$377,799
Remaining term (yrs)	23.3	23.3	30.0
Secondary amount	$0	$237,219	$0
Funding fee	$703	$703	$0
Note rate	3.700%	3.700%	7.400%
Blended rate	3.700%	6.243%	7.640%
1st payment	$748.65	$748.65	$2,615.81
2nd payment	$0.00	$1,532.04	$0.00
Taxes / mo	$144.42	$144.42	$144.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$75.56
HOA / mo	$56.00	$56.00	$56.00
Total monthly	$1,099.07	$2,631.11	$3,041.78
Cash to close	$279,197	$41,978	$41,978