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	$180,090	$180,090	$301,500
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$121,410	$0
Funding fee	$900	$900	$0
Note rate	3.100%	3.100%	7.400%
Blended rate	3.100%	5.073%	7.640%
1st payment	$854.03	$854.03	$2,087.53
2nd payment	$0.00	$809.40	$0.00
Taxes / mo	$200.17	$200.17	$200.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$60.30
HOA / mo	$178.00	$178.00	$178.00
Total monthly	$1,382.20	$2,191.60	$2,675.99
Cash to close	$154,910	$33,500	$33,500