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	$118,848	$118,848	$260,100
Remaining term (yrs)	21.2	21.2	30.0
Secondary amount	$0	$141,252	$0
Funding fee	$594	$594	$0
Note rate	3.920%	3.920%	7.400%
Blended rate	3.920%	6.136%	7.640%
1st payment	$685.83	$685.83	$1,800.88
2nd payment	$0.00	$941.68	$0.00
Taxes / mo	$95.50	$95.50	$95.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$52.02
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$931.33	$1,873.01	$2,098.40
Cash to close	$170,152	$28,900	$28,900