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	$485,781	$485,781	$697,500
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$211,719	$0
Funding fee	$2,429	$2,429	$0
Note rate	3.070%	3.070%	7.400%
Blended rate	3.070%	4.491%	7.640%
1st payment	$2,296.06	$2,296.06	$4,829.35
2nd payment	$0.00	$1,367.35	$0.00
Taxes / mo	$332.86	$332.86	$332.86
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$139.50
HOA / mo	$220.00	$220.00	$220.00
Total monthly	$3,065.59	$4,432.94	$5,738.37
Cash to close	$289,219	$77,500	$77,500