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	$172,852	$172,852	$310,410
Remaining term (yrs)	21.4	21.4	30.0
Secondary amount	$0	$137,558	$0
Funding fee	$864	$864	$0
Note rate	4.030%	4.030%	7.400%
Blended rate	4.030%	5.789%	7.640%
1st payment	$1,002.67	$1,002.67	$2,149.22
2nd payment	$0.00	$917.05	$0.00
Taxes / mo	$122.42	$122.42	$122.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$62.08
HOA / mo	$62.00	$62.00	$62.00
Total monthly	$1,337.09	$2,254.14	$2,545.71
Cash to close	$172,048	$34,490	$34,490