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	$298,202	$298,202	$337,500
Remaining term (yrs)	28.7	28.7	30.0
Secondary amount	$0	$39,298	$0
Funding fee	$1,491	$1,491	$0
Note rate	6.720%	6.720%	7.400%
Blended rate	6.720%	6.985%	7.640%
1st payment	$1,952.75	$1,952.75	$2,336.78
2nd payment	$0.00	$294.73	$0.00
Taxes / mo	$57.75	$57.75	$57.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$67.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,160.50	$2,455.23	$2,612.03
Cash to close	$76,798	$37,500	$37,500