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	$111,385	$111,385	$305,100
Remaining term (yrs)	19.2	19.2	30.0
Secondary amount	$0	$193,715	$0
Funding fee	$557	$557	$0
Note rate	2.480%	2.480%	7.400%
Blended rate	2.480%	5.985%	7.640%
1st payment	$604.86	$604.86	$2,112.45
2nd payment	$0.00	$1,291.43	$0.00
Taxes / mo	$74.67	$74.67	$74.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$61.02
HOA / mo	$180.00	$180.00	$180.00
Total monthly	$1,009.52	$2,300.95	$2,578.14
Cash to close	$227,615	$33,900	$33,900