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	$369,065	$369,065	$585,000
Remaining term (yrs)	22.7	22.7	30.0
Secondary amount	$0	$215,935	$0
Funding fee	$1,845	$1,845	$0
Note rate	4.070%	4.070%	7.400%
Blended rate	4.070%	5.428%	7.640%
1st payment	$2,070.52	$2,070.52	$4,050.42
2nd payment	$0.00	$1,394.58	$0.00
Taxes / mo	$244.58	$244.58	$244.58
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$117.00
HOA / mo	$140.00	$140.00	$140.00
Total monthly	$2,621.77	$4,016.35	$4,718.67
Cash to close	$280,935	$65,000	$65,000