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	$214,895	$214,895	$315,000
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$100,105	$0
Funding fee	$1,074	$1,074	$0
Note rate	2.810%	2.810%	7.400%
Blended rate	2.810%	4.459%	7.640%
1st payment	$1,007.25	$1,007.25	$2,181.00
2nd payment	$0.00	$667.37	$0.00
Taxes / mo	$78.50	$78.50	$78.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$63.00
HOA / mo	$20.00	$20.00	$20.00
Total monthly	$1,255.75	$1,923.12	$2,492.50
Cash to close	$135,105	$35,000	$35,000