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	$258,268	$258,268	$674,892
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$416,624	$0
Funding fee	$1,291	$1,291	$0
Note rate	3.010%	3.010%	7.400%
Blended rate	3.010%	5.936%	7.640%
1st payment	$1,266.43	$1,266.43	$4,672.82
2nd payment	$0.00	$2,690.70	$0.00
Taxes / mo	$403.00	$403.00	$403.00
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$134.98
HOA / mo	$146.00	$146.00	$146.00
Total monthly	$2,032.10	$4,722.79	$5,573.46
Cash to close	$491,612	$74,988	$74,988