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	$223,953	$223,953	$571,500
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$347,547	$0
Funding fee	$1,120	$1,120	$0
Note rate	2.770%	2.770%	7.400%
Blended rate	2.770%	5.798%	7.640%
1st payment	$1,055.11	$1,055.11	$3,956.95
2nd payment	$0.00	$2,244.57	$0.00
Taxes / mo	$264.33	$264.33	$264.33
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$114.30
HOA / mo	$32.33	$32.33	$32.33
Total monthly	$1,518.44	$3,763.02	$4,534.58
Cash to close	$411,047	$63,500	$63,500