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	$171,957	$171,957	$368,100
Remaining term (yrs)	19.7	19.7	30.0
Secondary amount	$0	$196,143	$0
Funding fee	$860	$860	$0
Note rate	3.660%	3.660%	7.400%
Blended rate	3.660%	5.973%	7.640%
1st payment	$1,017.25	$1,017.25	$2,548.65
2nd payment	$0.00	$1,307.62	$0.00
Taxes / mo	$180.75	$180.75	$180.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$73.62
HOA / mo	$67.00	$67.00	$67.00
Total monthly	$1,415.00	$2,722.62	$3,020.02
Cash to close	$237,043	$40,900	$40,900