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	$528,603	$528,603	$805,500
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$276,897	$0
Funding fee	$2,643	$2,643	$0
Note rate	2.770%	2.770%	7.400%
Blended rate	2.770%	4.482%	7.640%
1st payment	$2,484.46	$2,484.46	$5,577.12
2nd payment	$0.00	$1,788.29	$0.00
Taxes / mo	$410.92	$410.92	$410.92
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$161.10
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$3,112.04	$4,900.34	$6,365.80
Cash to close	$366,397	$89,500	$89,500