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	$321,889	$321,889	$528,300
Remaining term (yrs)	24.1	24.1	30.0
Secondary amount	$0	$206,411	$0
Funding fee	$1,609	$1,609	$0
Note rate	2.940%	2.940%	7.400%
Blended rate	2.940%	4.819%	7.640%
1st payment	$1,548.22	$1,548.22	$3,657.84
2nd payment	$0.00	$1,333.07	$0.00
Taxes / mo	$185.17	$185.17	$185.17
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$105.66
HOA / mo	$80.00	$80.00	$80.00
Total monthly	$1,980.06	$3,313.13	$4,195.34
Cash to close	$265,111	$58,700	$58,700