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	$57,098	$57,098	$153,810
Remaining term (yrs)	14.7	14.7	30.0
Secondary amount	$0	$96,712	$0
Funding fee	$285	$285	$0
Note rate	2.870%	2.870%	7.400%
Blended rate	2.870%	6.724%	7.640%
1st payment	$394.27	$394.27	$1,064.95
2nd payment	$0.00	$725.34	$0.00
Taxes / mo	$43.00	$43.00	$43.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$30.76
HOA / mo	$311.00	$311.00	$311.00
Total monthly	$898.27	$1,623.60	$1,599.71
Cash to close	$113,802	$17,090	$17,090