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	$67,167	$67,167	$332,100
Remaining term (yrs)	13.3	13.3	30.0
Secondary amount	$0	$264,933	$0
Funding fee	$336	$336	$0
Note rate	3.500%	3.500%	7.400%
Blended rate	3.500%	6.890%	7.640%
1st payment	$523.38	$523.38	$2,299.39
2nd payment	$0.00	$1,711.02	$0.00
Taxes / mo	$98.42	$98.42	$98.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$66.42
HOA / mo	$165.00	$165.00	$165.00
Total monthly	$936.79	$2,647.82	$2,779.23
Cash to close	$301,833	$36,900	$36,900