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	$159,882	$159,882	$369,000
Remaining term (yrs)	18.5	18.5	30.0
Secondary amount	$0	$209,118	$0
Funding fee	$799	$799	$0
Note rate	3.670%	3.670%	7.400%
Blended rate	3.670%	5.982%	7.640%
1st payment	$990.08	$990.08	$2,554.88
2nd payment	$0.00	$1,350.55	$0.00
Taxes / mo	$154.42	$154.42	$154.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$73.80
HOA / mo	$209.00	$209.00	$209.00
Total monthly	$1,503.49	$2,854.05	$3,142.10
Cash to close	$250,118	$41,000	$41,000