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	$185,212	$185,212	$337,500
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$152,288	$0
Funding fee	$926	$926	$0
Note rate	2.810%	2.810%	7.400%
Blended rate	2.810%	5.152%	7.640%
1st payment	$870.17	$870.17	$2,336.78
2nd payment	$0.00	$1,015.25	$0.00
Taxes / mo	$123.58	$123.58	$123.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$67.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,143.75	$2,159.00	$2,677.87
Cash to close	$189,788	$37,500	$37,500