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	$197,449	$197,449	$368,100
Remaining term (yrs)	21.8	21.8	30.0
Secondary amount	$0	$170,651	$0
Funding fee	$987	$987	$0
Note rate	4.570%	4.570%	7.400%
Blended rate	4.570%	6.160%	7.640%
1st payment	$1,189.79	$1,189.79	$2,548.65
2nd payment	$0.00	$1,137.67	$0.00
Taxes / mo	$132.33	$132.33	$132.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$73.62
HOA / mo	$162.00	$162.00	$162.00
Total monthly	$1,634.12	$2,771.79	$3,066.60
Cash to close	$211,551	$40,900	$40,900