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	$244,418	$244,418	$386,910
Remaining term (yrs)	24.4	24.4	30.0
Secondary amount	$0	$142,492	$0
Funding fee	$1,222	$1,222	$0
Note rate	2.770%	2.770%	7.400%
Blended rate	2.770%	4.696%	7.640%
1st payment	$1,146.04	$1,146.04	$2,678.89
2nd payment	$0.00	$949.94	$0.00
Taxes / mo	$146.08	$146.08	$146.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$77.38
HOA / mo	$78.00	$78.00	$78.00
Total monthly	$1,520.13	$2,470.07	$3,130.35
Cash to close	$185,482	$42,990	$42,990