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	$342,291	$342,291	$425,700
Remaining term (yrs)	26.7	26.7	30.0
Secondary amount	$0	$83,409	$0
Funding fee	$1,711	$1,711	$0
Note rate	6.430%	6.430%	7.400%
Blended rate	6.430%	6.934%	7.640%
1st payment	$2,233.80	$2,233.80	$2,947.46
2nd payment	$0.00	$625.56	$0.00
Taxes / mo	$150.83	$150.83	$150.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$85.14
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,551.30	$3,176.86	$3,350.10
Cash to close	$130,709	$47,300	$47,300