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	$330,778	$330,778	$485,910
Remaining term (yrs)	24.9	24.9	30.0
Secondary amount	$0	$155,132	$0
Funding fee	$1,654	$1,654	$0
Note rate	2.880%	2.880%	7.400%
Blended rate	2.880%	4.515%	7.640%
1st payment	$1,548.02	$1,548.02	$3,364.34
2nd payment	$0.00	$1,034.21	$0.00
Taxes / mo	$212.75	$212.75	$212.75
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$97.18
HOA / mo	$146.00	$146.00	$146.00
Total monthly	$2,073.44	$3,107.65	$3,986.94
Cash to close	$209,122	$53,990	$53,990