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	$363,003	$363,003	$413,100
Remaining term (yrs)	26.3	26.3	30.0
Secondary amount	$0	$50,097	$0
Funding fee	$1,815	$1,815	$0
Note rate	6.360%	6.360%	7.400%
Blended rate	6.360%	6.680%	7.640%
1st payment	$2,366.98	$2,366.98	$2,860.22
2nd payment	$0.00	$375.72	$0.00
Taxes / mo	$73.50	$73.50	$73.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$82.62
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,607.15	$2,982.87	$3,183.01
Cash to close	$95,997	$45,900	$45,900