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	$80,950	$80,950	$333,000
Remaining term (yrs)	15.3	15.3	30.0
Secondary amount	$0	$252,050	$0
Funding fee	$405	$405	$0
Note rate	3.960%	3.960%	7.400%
Blended rate	3.960%	6.829%	7.640%
1st payment	$585.34	$585.34	$2,305.62
2nd payment	$0.00	$1,627.83	$0.00
Taxes / mo	$101.71	$101.71	$101.71
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$66.60
HOA / mo	$89.00	$89.00	$89.00
Total monthly	$926.04	$2,553.87	$2,712.93
Cash to close	$289,050	$37,000	$37,000