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	$491,890	$491,890	$1,034,100
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$542,210	$0
Funding fee	$2,459	$2,459	$0
Note rate	2.800%	2.800%	7.400%
Blended rate	2.800%	5.395%	7.640%
1st payment	$2,292.33	$2,292.33	$7,159.90
2nd payment	$0.00	$3,501.77	$0.00
Taxes / mo	$338.17	$338.17	$338.17
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$206.82
HOA / mo	$66.00	$66.00	$66.00
Total monthly	$2,913.17	$6,414.94	$7,987.55
Cash to close	$657,110	$114,900	$114,900