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	$250,096	$250,096	$301,410
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$51,314	$0
Funding fee	$1,250	$1,250	$0
Note rate	2.740%	2.740%	7.400%
Blended rate	2.740%	3.806%	7.640%
1st payment	$1,166.06	$1,166.06	$2,086.90
2nd payment	$0.00	$384.86	$0.00
Taxes / mo	$151.25	$151.25	$151.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$60.28
HOA / mo	$92.67	$92.67	$92.67
Total monthly	$1,559.98	$1,944.83	$2,541.10
Cash to close	$84,804	$33,490	$33,490