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	$271,802	$271,802	$575,100
Remaining term (yrs)	20.7	20.7	30.0
Secondary amount	$0	$303,298	$0
Funding fee	$1,359	$1,359	$0
Note rate	4.050%	4.050%	7.400%
Blended rate	4.050%	6.001%	7.640%
1st payment	$1,611.35	$1,611.35	$3,981.88
2nd payment	$0.00	$1,958.80	$0.00
Taxes / mo	$243.42	$243.42	$243.42
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$115.02
HOA / mo	$128.00	$128.00	$128.00
Total monthly	$2,149.44	$4,108.23	$4,634.98
Cash to close	$367,198	$63,900	$63,900