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	$446,829	$446,829	$562,500
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$115,671	$0
Funding fee	$2,234	$2,234	$0
Note rate	2.250%	2.250%	7.400%
Blended rate	2.250%	3.432%	7.640%
1st payment	$1,983.48	$1,983.48	$3,894.64
2nd payment	$0.00	$771.14	$0.00
Taxes / mo	$158.75	$158.75	$158.75
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$112.50
HOA / mo	$91.67	$91.67	$91.67
Total monthly	$2,400.56	$3,171.70	$4,424.22
Cash to close	$178,171	$62,500	$62,500