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	$211,909	$211,909	$315,000
Remaining term (yrs)	24.0	24.0	30.0
Secondary amount	$0	$103,091	$0
Funding fee	$1,060	$1,060	$0
Note rate	3.020%	3.020%	7.400%
Blended rate	3.020%	4.650%	7.640%
1st payment	$1,032.83	$1,032.83	$2,181.00
2nd payment	$0.00	$687.27	$0.00
Taxes / mo	$200.00	$200.00	$200.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$63.00
HOA / mo	$75.00	$75.00	$75.00
Total monthly	$1,457.83	$2,145.10	$2,669.00
Cash to close	$138,091	$35,000	$35,000