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	$447,553	$447,553	$562,500
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$114,947	$0
Funding fee	$2,238	$2,238	$0
Note rate	3.070%	3.070%	7.400%
Blended rate	3.070%	4.077%	7.640%
1st payment	$2,115.37	$2,115.37	$3,894.64
2nd payment	$0.00	$766.31	$0.00
Taxes / mo	$250.08	$250.08	$250.08
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$112.50
HOA / mo	$12.50	$12.50	$12.50
Total monthly	$2,544.62	$3,310.94	$4,436.39
Cash to close	$177,447	$62,500	$62,500