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	$314,465	$314,465	$485,910
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$171,445	$0
Funding fee	$1,572	$1,572	$0
Note rate	3.060%	3.060%	7.400%
Blended rate	3.060%	4.803%	7.640%
1st payment	$1,507.77	$1,507.77	$3,364.34
2nd payment	$0.00	$1,142.97	$0.00
Taxes / mo	$255.50	$255.50	$255.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$97.18
HOA / mo	$10.00	$10.00	$10.00
Total monthly	$1,939.94	$3,082.91	$3,893.69
Cash to close	$225,435	$53,990	$53,990