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	$248,088	$248,088	$450,000
Remaining term (yrs)	20.6	20.6	30.0
Secondary amount	$0	$201,912	$0
Funding fee	$1,240	$1,240	$0
Note rate	4.050%	4.050%	7.400%
Blended rate	4.050%	5.710%	7.640%
1st payment	$1,474.53	$1,474.53	$3,115.71
2nd payment	$0.00	$1,304.02	$0.00
Taxes / mo	$324.58	$324.58	$324.58
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$90.00
HOA / mo	$78.00	$78.00	$78.00
Total monthly	$2,043.78	$3,347.79	$3,774.96
Cash to close	$251,912	$50,000	$50,000