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	$284,955	$284,955	$382,500
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$97,545	$0
Funding fee	$1,425	$1,425	$0
Note rate	2.960%	2.960%	7.400%
Blended rate	2.960%	4.500%	7.640%
1st payment	$1,351.47	$1,351.47	$2,648.35
2nd payment	$0.00	$731.59	$0.00
Taxes / mo	$196.42	$196.42	$196.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$76.50
HOA / mo	$11.67	$11.67	$11.67
Total monthly	$1,709.55	$2,441.15	$3,082.94
Cash to close	$140,045	$42,500	$42,500