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	$484,653	$484,653	$693,000
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$208,347	$0
Funding fee	$2,423	$2,423	$0
Note rate	2.960%	2.960%	7.400%
Blended rate	2.960%	4.400%	7.640%
1st payment	$2,298.58	$2,298.58	$4,798.19
2nd payment	$0.00	$1,345.58	$0.00
Taxes / mo	$372.00	$372.00	$372.00
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$138.60
HOA / mo	$100.00	$100.00	$100.00
Total monthly	$2,987.25	$4,332.83	$5,625.46
Cash to close	$285,347	$77,000	$77,000