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	$104,315	$104,315	$337,410
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$233,095	$0
Funding fee	$522	$522	$0
Note rate	3.450%	3.450%	7.400%
Blended rate	3.450%	6.421%	7.640%
1st payment	$535.51	$535.51	$2,336.16
2nd payment	$0.00	$1,505.40	$0.00
Taxes / mo	$167.08	$167.08	$167.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$67.48
HOA / mo	$78.00	$78.00	$78.00
Total monthly	$930.59	$2,436.00	$2,798.72
Cash to close	$270,585	$37,490	$37,490