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	$824,054	$824,054	$1,259,100
Remaining term (yrs)	24.6	24.6	30.0
Secondary amount	$0	$435,046	$0
Funding fee	$4,120	$4,120	$0
Note rate	3.020%	3.020%	7.400%
Blended rate	3.020%	4.654%	7.640%
1st payment	$3,942.85	$3,942.85	$8,717.75
2nd payment	$0.00	$2,809.67	$0.00
Taxes / mo	$586.08	$586.08	$586.08
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$251.82
HOA / mo	$200.00	$200.00	$200.00
Total monthly	$4,945.60	$7,755.27	$9,972.32
Cash to close	$574,946	$139,900	$139,900