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	$305,337	$305,337	$319,500
Remaining term (yrs)	25.2	25.2	30.0
Secondary amount	$0	$31,913	$0
Funding fee	$1,527	$1,527	$0
Note rate	3.070%	3.070%	7.400%
Blended rate	3.070%	3.903%	7.640%
1st payment	$1,446.32	$1,446.32	$2,212.15
2nd payment	$0.00	$315.80	$0.00
Taxes / mo	$187.83	$187.83	$187.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$63.90
HOA / mo	$70.00	$70.00	$70.00
Total monthly	$1,854.15	$2,169.96	$2,683.89
Cash to close	$49,663	$17,750	$35,500