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	$256,085	$256,085	$296,910
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$40,825	$0
Funding fee	$1,280	$1,280	$0
Note rate	2.680%	2.680%	7.400%
Blended rate	2.680%	3.549%	7.640%
1st payment	$1,191.88	$1,191.88	$2,055.74
2nd payment	$0.00	$306.19	$0.00
Taxes / mo	$100.00	$100.00	$100.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$59.38
HOA / mo	$320.00	$320.00	$320.00
Total monthly	$1,761.88	$2,068.07	$2,685.13
Cash to close	$73,815	$32,990	$32,990