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	$111,873	$111,873	$287,910
Remaining term (yrs)	19.3	19.3	30.0
Secondary amount	$0	$176,037	$0
Funding fee	$559	$559	$0
Note rate	3.960%	3.960%	7.400%
Blended rate	3.960%	6.430%	7.640%
1st payment	$688.91	$688.91	$1,993.43
2nd payment	$0.00	$1,173.58	$0.00
Taxes / mo	$136.00	$136.00	$136.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$57.58
HOA / mo	$86.00	$86.00	$86.00
Total monthly	$1,060.91	$2,234.49	$2,423.01
Cash to close	$208,027	$31,990	$31,990